Binance CEO may be handed over to Richard Teng

According to Bloomberg, Binance is considering changing its CEO. Changpeng Zhao could be replaced by Richard Teng.

Binance appointed him head of all regional markets outside the U.S. in late May. Teng had a total of nearly 20 years of government service.

The publication writes that this may be due to the fact that the company can not find common ground with regulators and is often the subject of various rumors in the media.