- Richard Teng, Binance CEO, stated that virtual assets are tools for financial inclusion.
- He revealed that over the past year, more than 500,000 women sent a total of over $4 billion via Binance.
- Teng has continuously highlighted the role of virtual assets in financial inclusion and as essential elements in the financial system.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
There is a claim that virtual assets (cryptocurrencies) are tools for financial inclusion.
On the 4th (local time), Richard Teng, Binance CEO, said via X (formerly Twitter), "Over the past year, more than 500,000 women have remitted over $4 billion through Binance," adding, "This shows that virtual assets are not just a technology but a tool for financial inclusion."
Teng has consistently emphasized the financial inclusion enabled by virtual assets. In February, he also remarked via X, "Virtual assets are gradually becoming an essential part of the financial system. Ultimately, the future of finance must be inclusive."
![New York Fed president "Monetary policy well positioned for 2026" [Fed Watch]](https://media.bloomingbit.io/PROD/news/2da39825-898f-4c9b-8ffd-e0e759e15eb3.webp?w=250)
