Crypto

Binance Steps Up: Guiding Governments on Crypto Reserves and Regulations

Binance's Role in Shaping Crypto Policies

In a significant move, Binance is actively assisting multiple governments in crafting digital asset regulations and establishing national bitcoin reserves, as revealed by CEO Richard Teng in an interview with The Financial Times.

Global Interest Surges Following US Policy Shift

Teng highlighted a growing interest from countries, spurred by the United States' more favorable stance towards cryptocurrencies under President Donald Trump. This includes Trump's recent directive to create a US strategic crypto reserve. According to Teng, Binance has been approached by numerous governments seeking expert guidance, with the US leading in the development of a comprehensive crypto framework.

Binance's Expanding Influence and Future Plans

Beyond governmental advisory, Binance has also fielded inquiries from sovereign wealth funds interested in digital asset investments. Teng shared updates on Binance's initiative to establish a global headquarters and acknowledged the positive impact of recent US policies on the company, notably the SEC's decision to halt its investigation following Trump's administration changes.