Tagged: richard teng

January 12, 2023 @ 11:38 pm By Omar Faridi  |  

Binance is pleased to announce that Binance Nordics AB has been “granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA).” This follows months of “constructive engagement” with the regulator. Binance Nordics AB reportedly… Read More

December 13, 2021 @ 9:37 am By JD Alois  |  

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

December 9, 2021 @ 4:17 pm By Tony Zerucha  |  

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

August 24, 2021 @ 10:18 pm By JD Alois  |  

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

August 2, 2021 @ 10:02 pm By Omar Faridi  |  

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

September 17, 2020 @ 9:32 pm By JD Alois  |  

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

September 13, 2020 @ 9:55 pm By Omar Faridi  |  

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

July 2, 2020 @ 7:48 am By Omar Faridi  |  

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

September 30, 2019 @ 11:27 am By JD Alois  |  

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

September 22, 2019 @ 7:03 pm By JD Alois  |  

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

June 30, 2018 @ 9:59 am By Cali Haan  |  

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

June 28, 2018 @ 9:36 am By Cali Haan  |  

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

June 26, 2018 @ 3:33 am By Erin Hobey  |  

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

April 30, 2018 @ 12:33 pm By JD Alois  |  

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

April 24, 2018 @ 11:43 am By Erin Hobey  |  

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

November 15, 2017 @ 7:27 am By Erin Hobey  |  

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

October 30, 2017 @ 8:19 am By JD Alois  |  

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

October 22, 2017 @ 8:39 pm By JD Alois  |  

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

October 21, 2017 @ 11:07 am By JD Alois  |  

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

October 19, 2017 @ 11:25 am By Erin Hobey  |  

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