Taipei Blockchain Week Opens with Vitalik Buterin, Binance’s Richard Teng
Taipei Blockchain Week kicked off this week with around 2,000 people from the crypto community gathering on Thursday to hear industry players discuss blockchain trends ranging from Llayer 1’s role in Web3’s in 2024 to the future of decentralized finance (DeFi).
The event opened with a keynote speech from the Mayor of Taipei, Chiang Wan-an who welcomed innovation to the city. High-profile guest speakers included Ethereum creator Vitalik Buterin, and Binance’s new CEO Richard Teng who spoke about the importance of regulation in the crypto space.
From a live stream Teng, a former Abu Dhabi regulator who was recently appointed CEO of Binance succeeding Changpeng Zhao (aka CZ), said he felt “humbled and honoured” to be leading the exchange adding he has seen the user base continue to grow – currently standing at 167 million users.
Speaking about his past role as a regulator he stressed that it is important to support growth as well as manage risk – just focusing on managing risk means the growth dynamic will be overlooked.
“Traditional media still associate crypto and blockchain with scams and illicit funds – but if you look at data issued by the US financial crime office Chainalysis and many other research pieces — the amount of illicit funds going into crypto is 0.02%,” said Teng.
Teng went on to add he remains bullish regarding crypto and with the Bitcoin Halving coming up and “hopefully” with an ETF being approved in the US more institutions will be entering the space.
Buterin spoke at the conference enthusiastically talking through Ethereuam’s pipeline. Ethereum co-founder Buterin has a special relationship with Taiwan having been granted a Taiwan Employment Gold Card – a permit that will allow him to legally reside and work
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