Binance Says Multiple Governments are Eyeing Their Own Crypto Reserves
In a recent interview, Binance CEO Richard Teng confirmed that multiple governments and sovereign wealth funds have approached the cryptocurrency exchange about creating their own crypto reserves.
Teng discussed the platform’s role in helping a host of nations establish cryptocurrency regulations. Moreover, he noted that those conversations have included the possible development of various national strategic Bitcoin reserves.
JUST IN: Binance says multiple governments and sovereign wealth funds have approached the company about creating crypto reserves.
— Watcher.Guru (@WatcherGuru) April 17, 2025
Also Read: BlackRock CEO Says US Dollar is at Risk of Losing Reserve Status to Bitcoin
Binance Says Governments & Sovereign Wealth Funds are Exploring the Creation of Their Own Crypto Reserves
Throughout the first three months of the year, the digital asset sector has been a dominant story. Indeed, the United States has sought to overhaul its digital asset policy. The returning Trump administration is enacting the most pro-crypto shift in its history. Now, it could be inciting similar action from nations across the world.
Binance CEO Richard Teng recently talked with the Financial Times and noted that multiple governments and sovereign wealth funds have approached the platform about the establishment of its very own crypto reserve. Indeed, the development could be monumental for the asset class on a global scale.
Also Read: VanEck’s BNB ETF Filing: Can Binance Coin Hit $1,200 Amid 106% ROI Hype?
Teng noted that Binance has “been approached by quite a lot of” nations in order to help them with the careful task of “formulating their regulatory framework to govern crypto.” Although he refused to name those nations, he did confirm that it is several. Indeed, it aligns with the continued pro-digital asset shift that first began late last year.
That has included efforts for these entities to establish Bitcoin reserves. In March of this year, US President Trump ordered the creation of a US crypto stockpile and a BTC strategic reserve plan. Subsequently, Teng noted, “Compared to many other jurisdictions, [the US] are way ahead on that front.”
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Binance Says Multiple Governments are Eyeing Their Own Crypto Reserves
In a recent interview, Binance CEO Richard Teng confirmed that multiple governments and sovereign wealth funds have approached the cryptocurrency exchange about creating their own crypto reserves.
Teng discussed the platform’s role in helping a host of nations establish cryptocurrency regulations. Moreover, he noted that those conversations have included the possible development of various national strategic Bitcoin reserves.
JUST IN: Binance says multiple governments and sovereign wealth funds have approached the company about creating crypto reserves.
— Watcher.Guru (@WatcherGuru) April 17, 2025
Also Read: BlackRock CEO Says US Dollar is at Risk of Losing Reserve Status to Bitcoin
Binance Says Governments & Sovereign Wealth Funds are Exploring the Creation of Their Own Crypto Reserves
Throughout the first three months of the year, the digital asset sector has been a dominant story. Indeed, the United States has sought to overhaul its digital asset policy. The returning Trump administration is enacting the most pro-crypto shift in its history. Now, it could be inciting similar action from nations across the world.
Binance CEO Richard Teng recently talked with the Financial Times and noted that multiple governments and sovereign wealth funds have approached the platform about the establishment of its very own crypto reserve. Indeed, the development could be monumental for the asset class on a global scale.
Also Read: VanEck’s BNB ETF Filing: Can Binance Coin Hit $1,200 Amid 106% ROI Hype?
Teng noted that Binance has “been approached by quite a lot of” nations in order to help them with the careful task of “formulating their regulatory framework to govern crypto.” Although he refused to name those nations, he did confirm that it is several. Indeed, it aligns with the continued pro-digital asset shift that first began late last year.
That has included efforts for these entities to establish Bitcoin reserves. In March of this year, US President Trump ordered the creation of a US crypto stockpile and a BTC strategic reserve plan. Subsequently, Teng noted, “Compared to many other jurisdictions, [the US] are way ahead on that front.”
Read More