Binance is advising nations on Bitcoin reserves as global interest grows
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Binance is reportedly guiding several governments on establishing strategic Bitcoin reserves and developing clear crypto regulations.
In an April 17 interview on Financial Times, Binance CEO Richard Teng disclosed that multiple countries have approached the exchange for its expertise in navigating crypto-related initiatives.
According to him:
“We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own crypto reserves.”
Teng noted that this growing interest mirrors developments in the United States, where President Donald Trump has ordered the creation of a Strategic Bitcoin Reserve.
Teng elaborated on the social media platform X that these countries’ interest in Bitcoin stems from its unique neutrality.
Teng described BTC as a truly borderless, always-available asset that functions independently of political or financial systems. This quality appeals to nations amid rising global tensions.
Teng wrote:
“Bitcoin is the only truly neutral currency—available 24/7 worldwide, without bias or borders. In a world of rising tensions and tariffs, BTC stands strong.”
Considering this, the Binance CEO warned:
“Countries and corporations that buy Bitcoin early will benefit from the upward momentum. Those who delay adoption risk paying a premium later.”
Compliance-first approach
Binance’s advisory role comes at a time of significant change within the company.
Once seen as a defiant player in the crypto space, the exchange has rebranded itself as a compliance-first organization.
Teng explained that Binance had invested heavily in regulatory alignment. Out of its 6,000 employees, roughly 1,500 now work in compliance. This shift has helped the exchange gain renewed trust among global regulators.
The company is also considering launching a permanent global headquarters, which would be a notable departure from its historically decentralized structure.
Teng pointed out that the exchange’s leadership team is evaluating several options but stressed that the decision requires careful planning.
He said:
“It requires serious deliberation and the board and the senior management are spending a lot of time doing the evaluation.”
The post Binance is advising nations on Bitcoin reserves as global interest grows appeared first on CryptoSlate.
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Binance is advising nations on Bitcoin reserves as global interest grows
Share:
Binance is reportedly guiding several governments on establishing strategic Bitcoin reserves and developing clear crypto regulations.
In an April 17 interview on Financial Times, Binance CEO Richard Teng disclosed that multiple countries have approached the exchange for its expertise in navigating crypto-related initiatives.
According to him:
“We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own crypto reserves.”
Teng noted that this growing interest mirrors developments in the United States, where President Donald Trump has ordered the creation of a Strategic Bitcoin Reserve.
Teng elaborated on the social media platform X that these countries’ interest in Bitcoin stems from its unique neutrality.
Teng described BTC as a truly borderless, always-available asset that functions independently of political or financial systems. This quality appeals to nations amid rising global tensions.
Teng wrote:
“Bitcoin is the only truly neutral currency—available 24/7 worldwide, without bias or borders. In a world of rising tensions and tariffs, BTC stands strong.”
Considering this, the Binance CEO warned:
“Countries and corporations that buy Bitcoin early will benefit from the upward momentum. Those who delay adoption risk paying a premium later.”
Compliance-first approach
Binance’s advisory role comes at a time of significant change within the company.
Once seen as a defiant player in the crypto space, the exchange has rebranded itself as a compliance-first organization.
Teng explained that Binance had invested heavily in regulatory alignment. Out of its 6,000 employees, roughly 1,500 now work in compliance. This shift has helped the exchange gain renewed trust among global regulators.
The company is also considering launching a permanent global headquarters, which would be a notable departure from its historically decentralized structure.
Teng pointed out that the exchange’s leadership team is evaluating several options but stressed that the decision requires careful planning.
He said:
“It requires serious deliberation and the board and the senior management are spending a lot of time doing the evaluation.”
The post Binance is advising nations on Bitcoin reserves as global interest grows appeared first on CryptoSlate.
In This News
Coins
$ 68.24K
+5.01%$ 0.0109
+6.47%$ 1.02
$ 0.669
$ 0.000161
Share:
In This News
Coins
$ 68.24K
+5.01%$ 0.0109
+6.47%$ 1.02
$ 0.669
$ 0.000161
Share:
Read More
CZ Hints at Bitcoin Making a Massive Comeback after Gold and Silver Gain Momentum