From Defendant to Advisor: Binance Touts New Role Helping Nations Set Crypto Rules
- Binance helps nations build crypto regulation frameworks and digital reserves.
- CEO Teng says the U.S. is leading the crypto policy race under Trump.
- Binance’s 25% of workforce now focuses on compliance and oversight.
Global crypto exchange Binance is now helping several countries craft digital asset regulations and build sovereign crypto reserves, just over a year after pleading guilty to U.S. criminal charges.
CEO Richard Teng revealed to the Financial Times that multiple governments approached Binance for help with national crypto strategies, including Bitcoin stockpiling.
Did the U.S. Crypto Stance under Trump influence Binance?
This huge shift in perception reflects Binance’s intensified compliance efforts and a global reaction to align with the U.S.’s evolving stance towards the digital asset space.
Teng even praised the US for being “way ahead” of many jurisdictions in terms of digital asset frameworks, prompting other nations to act swiftly. “We’ve been approached by quite a lot [of governments],” he said, although he refused to name specific countries. This comes as the U.S. announced plans to create a national strategic bi…
The post From Defendant to Advisor: Binance Touts New Role Helping Nations Set Crypto Rules appeared first on Coin Edition.
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From Defendant to Advisor: Binance Touts New Role Helping Nations Set Crypto Rules
- Binance helps nations build crypto regulation frameworks and digital reserves.
- CEO Teng says the U.S. is leading the crypto policy race under Trump.
- Binance’s 25% of workforce now focuses on compliance and oversight.
Global crypto exchange Binance is now helping several countries craft digital asset regulations and build sovereign crypto reserves, just over a year after pleading guilty to U.S. criminal charges.
CEO Richard Teng revealed to the Financial Times that multiple governments approached Binance for help with national crypto strategies, including Bitcoin stockpiling.
Did the U.S. Crypto Stance under Trump influence Binance?
This huge shift in perception reflects Binance’s intensified compliance efforts and a global reaction to align with the U.S.’s evolving stance towards the digital asset space.
Teng even praised the US for being “way ahead” of many jurisdictions in terms of digital asset frameworks, prompting other nations to act swiftly. “We’ve been approached by quite a lot [of governments],” he said, although he refused to name specific countries. This comes as the U.S. announced plans to create a national strategic bi…
The post From Defendant to Advisor: Binance Touts New Role Helping Nations Set Crypto Rules appeared first on Coin Edition.
Read More
Bitcoin Flexes its Muscle to Clear Key Resistance Zone, Eyes $100K as Momentum Builds