Report: Binance Providing Guidance to Countries on Managing Bitcoin Reserves and Regulating Cryptocurrency
Crypto exchange Binance is actively involved in helping countries draft crypto regulations and establish national digital asset reserves, as CEO Richard Teng revealed.
The move comes amid changing global sentiment, with the United States showing a more positive stance on cryptocurrencies under President Donald Trump, as reported by the Financial Times here.
In an interview, Teng acknowledged that the US is ahead in this area compared to other jurisdictions, citing recent plans to create a legal framework for digital assets and build a strategic reserve of Bitcoin.
This shift in policy has led to other nations seeking guidance from Binance.
According to Teng, the exchange has been approached by numerous governments requesting assistance with their regulatory frameworks.
While specific countries were not named, Pakistan and Kyrgyzstan have confirmed their collaboration with Binance founder Changpeng Zhao to shape local crypto policies.
Despite recent legal issues, including money laundering and sanctions violations, Binance has undergone structural reforms under new leadership, with a significant portion of its workforce now dedicated to compliance.
The company has also been placed under a five-year compliance monitoring program by the US Financial Crimes Enforcement Network.
Binance’s changing regulatory role is accompanied by its involvement in helping countries establish crypto reserves, with growing interest from sovereign wealth funds and national governments in holding digital assets strategically.
The formation of a national Bitcoin reserve in the US using seized assets has further fueled this momentum, although some market participants hoped for larger government purchases to stimulate demand.
Despite fluctuations in Bitcoin’s value, proponents argue that a bitcoin reserve can act as a hedge against fiat currency devaluation.
Trump’s return to the White House has impacted Binance’s position in the US market, with talks of a potential resolution with the SEC underway.
World Liberty Financial, a crypto initiative linked to the Trump family, is planning to launch a stablecoin using Binance’s blockchain infrastructure.
As Binance works on rebuilding trust, Teng mentioned the company’s efforts in selecting a location for a global headquarters, a significant step for an exchange that has previously operated without a formal base.
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