Binance Advising Nations On Strategic Bitcoin Reserves, Crypto Regulation: Report
Crypto exchange Binance is now actively assisting several countries in drafting crypto regulations and establishing national digital asset reserves, according to CEO Richard Teng.
What Happened: The move comes amid shifting global sentiment following the United States’ more favorable stance on cryptocurrencies under President Donald Trump, the Financial Times reported on Thursday.
“Compared to many other jurisdictions, [the US] are way ahead on that front,” Teng said in an interview, pointing to recent American plans to create a legal framework for digital assets and build a strategic reserve of Bitcoin.
This policy shift has prompted other nations to seek guidance from Binance.
Teng said the exchange has been “approached by quite a lot” of governments requesting help with their regulatory frameworks.
While he declined to name specific countries, both Pakistan and Kyrgyzstan recently confirmed they are working with Binance founder Changpeng Zhao to shape local crypto policies.
The surge in demand for regulatory advice comes despite Binance’s recent legal troubles.
In 2023, the exchange pleaded guilty …
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