{"id":22658,"date":"2025-04-18T06:01:34","date_gmt":"2025-04-18T06:01:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22658"},"modified":"2025-04-18T06:01:34","modified_gmt":"2025-04-18T06:01:34","slug":"binance-goes-diplomatic-advising-governments-on-crypto-laws","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22658","title":{"rendered":"Binance Goes Diplomatic: Advising Governments On Crypto Laws"},"content":{"rendered":"
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Crypto exchange Binance is remodeling its attitude toward regulation, flipping the script on its former notoriety as a pain in the neck of sorts to a role as an insider policy adviser to governments worldwide. The organization currently advises governments in several countries on crypto policy, recent quotes by CEO Richard Teng report.<\/p>\n

From Rule-Breaker To Policy Consultant<\/strong><\/h2>\n

\n\u201cWe have received in fact a significant number of proposals by several governments and sovereign wealth funds to set up their own crypto reserves,\u201d Teng said in a recent interview with the Financial Times<\/a>.\n<\/p><\/blockquote>\n

The CEO said that Binance now has a framework \u201cthat regulators like much more than before.\u201d<\/p>\n

This shift represents a dramatic turnaround for a business previously infamous for evading regulation<\/a>. Now, nearly 25% of Binance\u2019s 6,000 staff are compliance employees<\/a>, indicating just how committed the business is to playing by the book.<\/p>\n

\"\"<\/p>\n

Trump Administration Creates New Opportunities<\/strong><\/h2>\n

The shift follows US crypto policy evolution under US President Donald Trump. His recent directive to establish a national reserve of Bitcoin has set the world abuzz with interest in cryptocurrency policy. Most nations now turn to Binance for guidance.<\/p>\n

\n\u201cCompared to many other jurisdictions, [the US] is way ahead on that front,\u201d Teng said.\n<\/p><\/blockquote>\n

Binance is now negotiating with the US Treasury to de-escalate tensions as it contemplates a return to the American market. The US Securities and Exchange Commission has suspended its investigation of the company amid these negotiations.<\/p>\n


\nBinance Considers First Official Headquarters<\/strong><\/p>\n

Following years of operating without a home base, Binance is considering opening a global headquarters. That would bring its stateless period to an end, which helped it skirt around certain regulations previously.<\/p>\n

\u201cIt demands serious consideration,\u201d said Teng. The board and senior leadership at the company are currently mulling over options for where they can open up this base.<\/p>\n

\"\"<\/p>\n

The firm is also increasing its political reach. Trump-supporting crypto project World Liberty Financial is set to release a stablecoin on Binance\u2019s blockchain, which would further tie the exchange to political circles.<\/p>\n

Legal Challenges Still Remain In Several Countries<\/strong><\/p>\n

Even with its new path, the crypto exchange hasn\u2019t left its history entirely behind. Spanish authorities have lodged criminal charges<\/a> against the exchange for the misappropriation of investors. French officials continue to probe suspected breaches of European anti-money laundering rules.<\/p>\n

At home in the United States, Binance is subject to a five-year surveillance program at the hands of FinCEN to guarantee continued adherence to regulations.<\/p>\n

At the same time, Binance founder and former CEO Changpeng Zhao (CZ) recently became an adviser to blockchain policy<\/a> in Pakistan, further spreading the company\u2019s reach in emerging markets.<\/p>\n

Featured image from MakeUseOf, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto exchange Binance is remodeling its attitude toward regulation, flipping the script on its former notoriety as a pain in the neck of sorts to a role as an insider policy adviser to governments worldwide. The organization currently advises governments in several countries on crypto policy, recent quotes by CEO Richard Teng report. From Rule-Breaker […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22658","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22658"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22658\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}