Tagged: richard teng

Following Investment in HG Exchange, Binance Shutters Singapore Crypto Exchange

Singapore Casino Asia Gambling

Binance has shut down its Singapore-facing crypto exchange. The news follows a series of events that have eventually led to Binance exiting the top Asian Fintech market with a wholly owned trading platform. Binance Singapore was originally granted an exemption from holding a license under… Read More

Binance Asia Services Grabs 18% Stake in HGX

Richard Teng

Binance Asia Services, the blockchain ecosystem and cryptocurrency provider behind Binance.sg, today announced they have taken a post-money stake of 18 per cent in Hg Exchange (HGX), subject to regulatory requirements. HGX is a Southeast Asian member-driven private securities exchange, founded by financial institutions PhillipCapital,… Read More

Binance Singapore Hires Regulator as CEO

richard teng

Binance Singapore has hired Richard Teng as CEO. Teng was previously CEO of the Abu Dhabi Global Market (ADGM) and has been active in the Fintech sector for years. Teng was formerly an executive at the Monetary Authority of Singapore (MAS) and  a former Chief… Read More

Blockchain Association Singapore Appoints Richard Teng as Member of its Advisory Board

Singapore Marina Bay Sands

Blockchain Association Singapore (BAS) reveals that it has appointed Richard Teng, former CEO at the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), as a member to its Advisory Board. Teng brings extensive experience working in the global financial and Fintech industry across… Read More

Fundnel Supported Private Securities Marketplace HG Exchange Commences Trading. Will Include Digital Assets Too

Juzar Motiwalla Zilliqa Gerald Ong PrimePartners Luke Lim PhillipCapital Khai Ling Sng Fundnel Kelvin Lee Fundnel Richard Teng Hg Exchange and Benjamin Twoon Fundnel 1

Hg Exchange (HGX), Southeast Asia’s first private securities exchange, has kicked off trading. Founding members of the exchange include PhillipCapital, Prime Partners, and Fundnel – a leading securities crowdfunding platform serving sophisticated investors across Asia. Richard Teng, formerly an executive at the Monetary Authority of… Read More

MENA Region Fintech Companies Continue to Apply for Digital Bank Licenses in the UAE

Middle East Door MENA

The Abu Dhabi Global Market (ADGM) has received applications from MENA region companies that are interested in launching digital banking platforms. Richard Teng, who works at the emirate’s international financial free zone as the head of its Financial Services Regulatory Authority, revealed that his organization… Read More

Fintech Abu Dhabi Innovation Challenge: UAE’s Central Bank and Abu Dhabi Global Market to Support Local and International Fintech Projects

ADGM Office Abu Dhabi

The central bank of the United Arab Emirates (UAE) and the Abu Dhabi Global Market, an international financial center and free zone based on the Al Maryah Island in the nation’s capital, Abu Dhabi, noted on July 1, 2020, that they’re inviting Fintech firms to… Read More

Fintech Abu Dhabi Gains Participation of Eight Fintech Unicorns

Richard Teng ADGM

Fintech Abu Dhabi, an annual gathering organized by Abu Dhabi Global Market (ADGM) – the international Financial Centre in Abu Dhabi, has announced the participation of eight separate Fintech unicorns for their upcoming event later this month. Fintech Abu Dhabi has announced that; Kraken, Airwallex,… Read More

Fintech Abu Dhabi Partners with UA Banks Federation

ADGM Office Abu Dhabi

Fintech Abu Dhabi has partnered with the UAE Banks Federation (UBF) as the Strategic Industry partner of the upcoming Fintech Festival. Fintech Abu Dhabi is organised by Abu Dhabi Global Market (ADGM ) – the financial center in Abu Dhabi.  UBF is the leading industry… Read More

Hong Kong and Abu Dhabi Business and Monetary Authorities Cooperating on Fintech and Distributed Ledger Technology

Hong Kong Airport Jet Plane

The Hong Kong Monetary Authority (HKMA) announced June 26th that it has signed a Fintech agreement with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), “to enhance collaboration between the two authorities with a view to encouraging and enabling innovation in… Read More

Abu Dhabi Global Market Issues Crypto Regulatory Framework

ADGM Office Abu Dhabi

The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and its CEO Richard Teng have been very active in the blockchain and virtual currency spaces of late. Fresh on the heels of an announcement earlier this week that the FSRA /… Read More

ADGM Introduces Spot Crypto Asset Activity Regulation Framework & Publishes Guide

richard teng

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries in ADGM, following the successful completion of a public consultation on the introduction of… Read More

Abu Dhabi Publishes Consultation on Regulatory Framework for Cryptocurrency / Digital Assets

Abu Dhabi Global Market ADGM

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published a consultation paper proposing a regulatory framework for digital assets. The document outlines rules for spot market activity, including exchanges and other intermediaries to be regulated by ADGM. “As the recognised… Read More

ADGM Enters MOU with Shanghai Stock Exchange: Co-Operating on “Belt and Road” Exchange

Richard Teng ADGM

Abu Dhabi Global Market, the international financial centre of Abu Dhabi, UAE (ADGM) and Shanghai Stock Exchange (SSE), China’s largest securities exchange, have today entered into a Memorandum of Understanding (MOU) to co-operate on the establishment of a “Belt and Road” Exchange in ADGM.  This… Read More

ADGM Named “The Financial Centre of the Year (MENA)”… Again: A Recap of the Centre’s Numerous 2017 Fintech Contributions

FCY MENA 2017

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is awarded “The Financial Centre of the Year (MENA)” for 2nd consecutive year by the Global Investor/ISF publication at the annual MENA Capital Markets Summit & Awards in Dubai. This accolade, presided by… Read More

FinTech Abu Dhabi Includes Major Announcements Designed to Shape Regional Fintech Development

Innovation Centre Plug Play Announcement Richard Teng HE Saif Al Mohammed Al Hajeri HE Ahmed Al Sayegh Saeed Amidi

The inaugural FinTech Abu Dhabi conference ended with several key initiatives designed to boost the Fintech sector in the region. The two-day event, which was held under the patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive… Read More

Abu Dhabi Global Market Approves Second Batch of Fintech Startups for Reglab

ADGM Office Abu Dhabi

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced its second batch of Regulatory Laboratory or “Reglab” participants including 11 local and international Fintech startups. ADGM says the participants were selected from a pool of 22 applications for their Sandbox… Read More

First FinTech Abu Dhabi Set to Kick Off

ryan miglinczy MENA Middle East Grand Mosque Abu Dhabi UAE

The inaugural FinTech Abu Dhabi event will kick-off tomorrow (October 22nd) with a group of regional and international leaders from the global Fintech community. The creation of the event is in recognition of the growing importance of Fintech for financial centers and the financial services… Read More

ADGM, IFC & Al Ansari Exchange Sign MoU to Promote MENA Fintech

Rashed Ali Al Ansari GM Al Ansari Exchange and Richard Teng CEO FSRA ADGM i

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and Al Ansari Exchange, a leading foreign exchange and worldwide money transfer company in the UAE, have established a new partnership to promote and support the growth of FinTech industry in Abu Dhabi… Read More

ADGM FSRA Posts Aproach on ICOs and Virtual Currencies: One Size Does Not Fit All

adgm

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has set out in Guidance its approach to Initial Coin/Token Offerings (ICOs) and virtual currencies under the Financial Services and Markets Regulations (FSMR). The FSRA’s full approach to ICOs and virtual currencies is clarified here…. Read More

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