Richard Teng: MiCA is a milestone for crypto regulation in Europe

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Hanna Syniavska

7 hours ago

Richard Teng: MiCA is a milestone for crypto regulation in Europe — MiCA marks milestone for European crypto

Richard Teng, CEO at Binance, writes about the implications of MiCA and the next steps for crypto in Europe.

Teng highlights that the European Union has developed the world's first comprehensive crypto regulatory framework and notes its significance as a major achievement. He emphasizes that the effectiveness of such frameworks depends on their implementation and states his company is committed to MiCA and serving European users.

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Teng has previously outlined plans for Binance to offer unified financial and crypto services as part of its super app vision. He also announced a $3 million USDT donation and fee waivers from Binance to assist users in Venezuela after recent earthquakes. These efforts reflect Binance’s ongoing engagement with both product development and social initiatives.

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