Taipei Blockchain Week | Binance CEO Vows to Continue Investing in Taiwan's Web3 Ecosystem

Richard Teng, the newly appointed CEO of Binance, delivered a keynote speech at the Taipei Blockchain Week. With the increasing industry regulations and the participation of institutional investors, Richard is optimistic about the future development prospects of the virtual asset industry. He praised the vitality of the Taiwan Web3 community and promised to continue collaborating with the community and all industry participants to bring a more prosperous Web3 ecosystem to Taiwan.

Richard Teng Participates in Major Web3 Conference in Asia for the First Time

Taipei Blockchain Week marked Richard Teng's first participation in a large-scale Web3 conference since taking over as CEO of Binance. This time, he delivered a keynote speech titled "Guiding the Next Billion Users into Web3" through online participation. Unlike most Web3 industry executives, Richard has a strong background in traditional finance and regulation. He has been one of the few regulators globally to start regulating virtual assets in the past and plans to leverage his three decades of experience to help Binance continue to grow.

Clear Regulations Bring Confidence to Users

Discussing the outlook for the current development of virtual assets, Richard pointed out that as industry regulations continue to mature and top global financial institutions increasingly invest in blockchain and Web3, it will significantly promote the large-scale adoption of virtual assets. He further explained that clear regulations can build more confidence for users and bring more transparency to the industry. With regulations in place, more institutional investors will join, bringing new funds, liquidity, users, and product innovation to the industry, all of which play crucial roles in mass adoption.

In terms of regulation, Richard also emphasized the importance of collaborating with regulatory authorities. He noted that Binance actively communicates with many regulatory units in various jurisdictions worldwide that are interested in regulating virtual assets, helping them understand the potential of this technology and how to introduce investments and create talent pools. At the same time, it also helps law enforcement understand how blockchain can combat crimes. Binance has also conducted multiple blockchain law enforcement training sessions in Taiwan to dispel misconceptions and misunderstandings about the industry, aiding its positive and steady development.

The Importance of Blockchain Development in the Asia-Pacific Region

Regarding the development of virtual assets in the Asia-Pacific region, Richard also expressed his positive views. He pointed out that the Asia-Pacific region is a crucial area for the future development of the industry, rapidly advancing in many aspects, with many exciting things happening here. Taking Taiwan as an example, Taiwan has a vibrant Web3 community and, in terms of regulation, looking across the entire Asia-Pacific region, countries like Japan, Singapore, and Hong Kong have also started industry regulation, a trend occurring globally.

Richard highlighted that the industry is changing rapidly, making it challenging to predict what innovations will emerge in the future. However, Binance will closely monitor all developments, continue learning and innovating, invest in the entire Web3 industry, and look forward to closer collaboration with partners, regulatory authorities, and policymakers in Taiwan to bring a more prosperous Web3 ecosystem to Taiwan. At the same time, Binance will adhere to compliance, achieve sustainable corporate development, and move towards a longer-term future.