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Speaker 1: Let's go now to Abu Dhabi, where I'm delighted to

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Speaker 1: be joined by the CEO of the world's biggest crypto

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Speaker 1: currency exchange by trading volume, that's Finances, Richard Tang. Richard,

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Speaker 1: thank you so much for making time for us. We've

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Speaker 1: seen Donald Trump picking pretty crypto friendly picks in the

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Speaker 1: form of his aizar and in the form of his

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Speaker 1: sec chair. Where does that likely change in the regulatory

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Speaker 1: stamps in the US leave you at binance.

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Speaker 2: Well, I do think that if you look at twenty

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Speaker 2: twenty four is a landmark. Yeah, right, So if you

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Speaker 2: help people twenty four bit coin will give one hundred thousand,

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Speaker 2: they'll be etf being approved for bigcoin, TM, Solana and

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Speaker 2: several others, and as well as institutions. I mean, the

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Speaker 2: largest sm manager in the world, black Rock has conference

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Speaker 2: skeptic to deliver. I think people will not believe you

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Speaker 2: if I come to the end of twenty twenty four

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Speaker 2: orders have come true.

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Speaker 3: We have now a very crypto friendly president in.

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Speaker 2: The States and extremely smart strategy appointing AI in crypto

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Speaker 2: Za on that front, because this too represents the most

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Speaker 2: innovative technology for the future, and countries.

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Speaker 3: Will do extremely well. I mean Awadawd this week the

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Speaker 3: capital of capital.

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Speaker 2: Again, Abu w and Ue has been very foresightful in

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Speaker 2: that front to start investing AI blockchain to move those

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Speaker 2: rarely on. So we are seeing seeing the results of

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Speaker 2: all those deployment in Abu w and Ue now. So

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Speaker 2: countries will do very very well to continue to focus

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Speaker 2: on this two technology, and we will continue to focus

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Speaker 2: on serving our fast expanding user base. Are closer toteen

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Speaker 2: million users globally now seventy million onboard year alone, so

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Speaker 2: they're very excited with the junior here.

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Speaker 1: But of course finances under monitorship by the U sdo

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Speaker 1: J and the US Treasury's Financial Crimes Enforcement Network. Would

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Speaker 1: you be looking to ask the Trump administration to shorten

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Speaker 1: or terminate the monitorships given the President elects kind of preference,

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Speaker 1: as we say, for looser crypto regulation.

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Speaker 3: Well, I mean any of those discussions. I think it's new.

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Speaker 2: I think I believe that compliance is the way to go, right,

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Speaker 2: So we have finance has always been a user for

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Speaker 2: this organization. By going forward, given that regulations is going

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Speaker 2: to be much clearer throughout the world, we have the

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Speaker 2: ability to invest very heavily in compland space and want

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Speaker 2: to make compliance and competitive advantage for ourselves. So last

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Speaker 2: year alone, we invested two hundred and thirteen million US

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Speaker 2: dollars just on our compliance program, which is a more

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Speaker 2: than thirty percent increased compatitor before and this year you

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Speaker 2: go up even more.

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Speaker 3: Got the most licensed and regulated.

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Speaker 2: Exchange globally now with more than twenty different jurisdiction than

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Speaker 2: license and regulate US more recently in places exciting places

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Speaker 2: like India and Argentina.

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Speaker 3: So we are working with.

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Speaker 2: Global policy makers lawmakers to really support the cryptal journey,

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Speaker 2: to support the cryptal deployment, and we continue to work

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Speaker 2: very closely US monitors on that on that front to

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Speaker 2: continue to see whether the areas that we can enhance

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Speaker 2: the work have further I think.

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Speaker 3: Is a good competitive advantage.

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Speaker 2: We are able to invest in places that our competitors

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Speaker 2: are not being able to invest in.

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Speaker 1: Well, yeah, are you looking to re enter that US

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Speaker 1: market then more forcefully? And if they introduce a stable

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Speaker 1: coin framework, would you be reviving big binance USD B

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Speaker 1: USD or would we launching a similar token?

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Speaker 2: Perhaps globally we are supporting crypto adoption, so on different

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Speaker 2: fronts right, so stable coins, other innovation in this space,

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Speaker 2: cross water payment, etcetera, etcetera. Whether we re entered the

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Speaker 2: US market, I think there's a premature discussion. As of now,

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Speaker 2: we are focusing on our global deployment. We have growing

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Speaker 2: very quickly and very happy with the progress or what

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Speaker 2: we're seeing.

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Speaker 3: I think this is alone.

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Speaker 2: If you look at the net influence into finance, it

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Speaker 2: crosses more into the billin right. If you put our

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Speaker 2: net influence versus the ten largest exchange the next ten

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Speaker 2: largest exchange pull together, we are forty percent much more

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Speaker 2: than the ten largest exchange pull together. So you can

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Speaker 2: see the phenomenon and growth. We have seen a lot

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Speaker 2: of new institutions being onboarded and with the US going

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Speaker 2: to announce a big coin strategic reserve and Brazil considering it,

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Speaker 2: I do believe that many other countries around the world

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Speaker 2: will start to deploy on that front. So it's not

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Speaker 2: only the countries. It's a softwagn rail of funds, institutions,

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Speaker 2: foundations and down and sign up with individual so.

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Speaker 3: They're going to start relocating this space. So the future

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Speaker 3: is extremely bright.

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Speaker 1: Well, so you've been in post for just over a

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Speaker 1: year now, Richard, I wonder what you would say the

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Speaker 1: biggest changes you've implemented in that time and as you

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Speaker 1: look head, are you planning to add more independent advisors

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Speaker 1: to your board for example?

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Speaker 3: No, we have a strong board of directors today.

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Speaker 2: We have bought actors, are seven three independent directors with

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Speaker 2: independent chairman. So we are in a very good place

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Speaker 2: in terms of corporate structure. I think we have really

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Speaker 2: moved from a founder CEO led company to a board

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Speaker 2: led company. So the senior management of the company work

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Speaker 2: very closely with the border of directors to chart the

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Speaker 2: strategy and the deployment of the company going forward. Right,

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Speaker 2: and we have continued to move from strength to strength.

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Speaker 2: We have not only focused on our investors our users.

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Speaker 2: We invest a lot into security and I mentioned compliance

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Speaker 2: and all those are key areas. I mean this yet alone,

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Speaker 2: you'll see plenty of exchanges being hacked around the world, right,

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Speaker 2: So Japan, Bazarex in India, INDO decks in Indonesia, BTC

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Speaker 2: and the least goes on is an area that we

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Speaker 2: focus a lot of attention to. I mean, we are

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Speaker 2: the exchange that set us like more than one billion

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Speaker 2: just to compensate users just into us in the event

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Speaker 2: of antous event of the security head right on that front,

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Speaker 2: the in the form of Safoo fund, So we go

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Speaker 2: beyond what many regulators prescribe in terms of user protection

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Speaker 2: and helping our users detect the fraud and scams on

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Speaker 2: that front, helping them two point four billion in terms

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Speaker 2: of potential.

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Speaker 3: Losses just for the first half of this year.

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Speaker 2: So these are areas that it pays a lot of

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Speaker 2: attention to and we're part of all those things that

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Speaker 2: were time.

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Speaker 1: Just finally, Richard, as you mentioned you're there at RBW

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Speaker 1: Finance Week, I wonder what opportunities you see specifically in

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Speaker 1: the Middle East region.

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Speaker 2: Well, it's huge. So just in newear loone cryptal adoption

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Speaker 2: is close to forty percent. I think the same team

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Speaker 2: is repeated throughout the media, is right. So our the

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Speaker 2: ab was when our CEO at law Gologle Market we

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Speaker 2: are one of the first in the world to introduce

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Speaker 2: a crypto regulatory framework togethern this sector in twenty eighteen, right,

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Speaker 2: so we are quite ahead of the game then, and

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Speaker 2: you can see how would that be continue to grow

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Speaker 2: up by leaps and bounds on the blockchain crypto as

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Speaker 2: well as the AI space. Right so, I think that

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Speaker 2: same team is repeated throughout the media. Is in Barian,

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Speaker 2: in Dubai, and the rest of the media is you know,

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Speaker 2: very young demographics, tech savvy people understand crypto so and

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Speaker 2: there are many parts of media. Is South Africa region

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Speaker 2: where financial inclusion is slow, which makes the crypto becomes

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Speaker 2: the only means that people can make payments, can get

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Speaker 2: access to the bank sort of payment system. They can

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Speaker 2: have a style wealth in the form of table coins

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Speaker 2: of crypto, and they're much better. I traveled the region

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Speaker 2: quite extensively and better people come up to tiny in

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Speaker 2: the last few years going through hyperinflationary situation where they

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Speaker 2: have domestic fat currency depreciated sharply.

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Speaker 3: The our family wellbeing is preserved by holding.

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Speaker 2: On to crypto and stable coins, right so I have

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Speaker 2: many of these stories repeated trout to me the central

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Speaker 2: of the world when I visit many of these countries.

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Speaker 1: Okay, thank you so much, Richard Tang, CEO of Finance.

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Speaker 1: Lovely to have you with us on the program from

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Speaker 1: Abu Dhabi Finance Week