Richard Teng, chief executive of Binance, told the Financial Times that a more welcoming attitude towards cryptocurrencies in the US under President Trump, including plans to establish a regulatory framework for digital assets and a national reserve, is spurring other countries to take similar action. Binance has approached a number of countries to help them develop a regulatory framework for cryptocurrencies, but he declined to name the countries that have worked with the company.
According to Richard Teng, Binance is currently helping countries build national strategic digital asset reserves. Nearly a quarter of Binance's 6,000 employees work in compliance and will continue to invest heavily in the field.
Earlier this month, both Pakistan and Kyrgyzstan announced that Binance founder CZ had started advising them on the development of crypto regulations and the use of blockchain technology.
Binance CEO: We have approached many countries to help develop crypto regulatory frameworks and assist some countries in building strategic reserves
2025-04-17 04:14:10
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