Binance's new CEO Richard Teng: The company has a "robust timeline" for board and financial disclosures

ChainCatcher news, according to Fortune magazine, Binance's new CEO Richard Teng stated in an interview that one of his main goals is to help the cryptocurrency industry push for the adoption of unified global rules, similar to those long enjoyed by the banking sector. This will include addressing the debate over whether various types of digital assets should be classified as commodities, securities, or other categories reflecting the unique blockchain technology that underpins them.

When asked if Binance would adopt a traditional corporate structure under his leadership, Teng indicated that it would. He mentioned that it would include a board of directors, addresses, and financial transparency. When asked when Binance would disclose its board composition and publish financial statements like its competitor Coinbase has done for years, Teng declined to provide specific details but stated that he has a "robust timeline."