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Binance Co-CEO Urges India to Embrace Crypto Innovations

1/25/2026

Summary

Story summary

Richard Teng, co-CEO of Binance, spoke at ET@Davos on January 21, 2026, about India's crypto landscape, noting high grassroots adoption amid regulatory uncertainty.
Teng criticized the Reserve Bank of India's stance on crypto and urged policymakers to shift thinking.
Teng said countries must invest in crypto and stablecoin technologies to avoid competitive disadvantage.
Teng noted Binance's growth to 300 million users and urged India to embrace these innovations for inclusion.

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Story summary

Richard Teng, co-CEO of Binance, spoke at ET@Davos on January 21, 2026, about India's crypto landscape, noting high grassroots adoption amid regulatory uncertainty.
Teng criticized the Reserve Bank of India's stance on crypto and urged policymakers to shift thinking.
Teng said countries must invest in crypto and stablecoin technologies to avoid competitive disadvantage.
Teng noted Binance's growth to 300 million users and urged India to embrace these innovations for inclusion.