Binance switches to 'two-top' system… Virtual assets, AI and policy discussed in Dubai [BBW 2025 on-site+]

Binance Blockchain Week (BBW 2025) opened on the 3rd in Dubai

Richard Teng "Virtual assets are already financial infrastructure… AI accelerates industry expansion"

UAE "Change is the only constant… technological innovation is reshaping the future financial order"

Michael Saylor "Bitcoin is advancing as a core asset in the global credit market"

Binance Blockchain Week 2025 (Binance Blockchain Week 2025) opened on the 3rd (local time) at the Coca-Cola Arena in Dubai. Global virtual asset (cryptocurrency) companies, policy authorities, and investment institutions discussed a variety of topics centered on changes in financial infrastructure, technology convergence, and regulatory adjustments.

On the first day, the main stage featured industry figures such as Richard Teng, Binance Chief Executive Officer (CEO); He Yi, Binance co-founder; and Michael Saylor, Strategy chairman.

Binance launches dual CEO structure with Richard Teng and He Yi

The main stage speaking session at Binance Blockchain Week 2025 began with an opening speech by Richard Teng, Binance CEO. Teng said, "Virtual assets are already functioning as infrastructure of the global financial system." He explained that the expansion of on-chain data and improved cross-border payment efficiencies are changing market structures.

Teng emphasized that artificial intelligence (AI) technology is a factor that will determine the next stage of the industry. He said, "AI-based risk detection and enhanced authentication are directly contributing to the stability and efficiency of financial infrastructure." He also added, "Countries are organizing systems, and we have entered a stage where global regulatory standards are taking shape."

Teng then officially announced Binance's organizational restructuring. He said that co-founder He Yi has assumed the role of co-CEO and explained, "The new management structure is a key measure to strengthen regulatory response and operational stability."

Newly appointed co-CEO He Yi also mentioned major strategic directions. He Yi presented "strengthening expansion strategy centered on the Middle East and Asia" as the core policy and said, "We will continue to expand those two regions as major pillars of Binance's growth." He also announced plans to expand the product lineup, enhance risk management systems, and strengthen operational transparency.

"Change is the only constant… technological innovation is reshaping the future financial order"

Following Richard Teng, Omar Sultan Al Olama, United Arab Emirates Minister of Artificial Intelligence (AI), said that technological change is reshaping the overall financial and industrial structure. He said, "Change is the only constant," and explained, "Digital assets, blockchain, and AI technologies are expanding not only into finance but also into trade, logistics, and the public sector."

Minister Al Olama emphasized that as a technology-based economic structure takes root rapidly, policy foundations must keep pace with the speed of change. He explained that the UAE's virtual asset company licensing system and fintech regulatory environment reform have been carried out in this context.

He also stressed the need to balance promoting innovation and protecting investors. Minister Al Olama said, "Building a regulatory system that can embrace technological innovation while protecting market participants is key to competitiveness." He also emphasized that the UAE is focusing on establishing a sustainable digital economy foundation.

Michael Saylor "Bitcoin is advancing as a core asset in the global credit market"

Michael Saylor, Strategy chairman, emphasized that Bitcoin's status as a financial asset is strengthening. He said, "A deposit-centered financial model has limitations in terms of long-term value preservation." He noted that demand for assets with digital scarcity is structurally increasing.

Saylor said attention should be paid to institutional investors reclassifying Bitcoin not as an alternative asset but as a core financial asset. He analyzed that the global credit market structure is gradually being reorganized.

He also said, "Regulatory clarity is a factor that accelerates institutional adoption," and explained that Bitcoin's network security and scalability strengthen long-term competitiveness. He predicted that this technical foundation will expand Bitcoin's share in credit markets going forward.