Binance Advising Multiple Governments on Bitcoin Policy, CEO Says
As the US sharpens its approach to digital asset policy, other countries are reaching out to Binance to explore their own national strategies for holding Bitcoin, the Financial Times reported. While Teng did not disclose...
As the US sharpens its approach to digital asset policy, other countries are reaching out to Binance to explore their own national strategies for holding Bitcoin, the Financial Times reported. While Teng did not disclose which countries are involved, he highlighted that the United States is currently leading global efforts in developing strategic Bitcoin frameworks.
CEO Richard Teng says the crypto exchange is now advising governments and sovereign wealth funds on how to establish digital asset reserves, an emerging trend with potentially far-reaching economic implications.
Richard Teng, who became Binance CEO after Changpeng Zhao stepped down, revealed in an interview that multiple governments have asked the company for input on setting up strategic Bitcoin reserves and crafting crypto regulations.
States Seek Guidance Amid Rising Institutional Interest in Bitcoin
While he declined to name the specific countries involved, Teng pointed to the United States as “way ahead” in these developments.
Teng’s comments come as the concept of Bitcoin as a strategic national asset gains traction. Earlier this year, former US President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve, funded by confiscated BTC from criminal and civil proceedings.
JUST IN: Binance is advising several countries on establishing national strategic #Bitcoin Reserve: FT pic.twitter.com/Ijo6TrsFPo
— Bitcoin Magazine (@BitcoinMagazine) April 17, 2025The move appears to have influenced other nations to consider similar frameworks. While countries such as Pakistan and Kyrgyzstan have recently announced partnerships with Binance around crypto regulation, none have yet confirmed plans to establish Bitcoin reserves.
Still, Teng noted that interest in both reserves and policy formation is growing globally, especially in light of US leadership on the issue. This global outreach marks a notable evolution in Binance’s public role. Once operating without a fixed headquarters, the company is now considering establishing a global base, Teng confirmed.
The move reflects both Binance’s maturing posture and the broader regulatory shift occurring across crypto markets. With countries beginning to mirror US moves in this space, Binance’s role as an advisor may only deepen in the coming years.
Binance Reconsiders Its ‘No Headquarters’ Era
Teng acknowledged that Binance’s management is currently evaluating locations for a global headquarters, a marked change from founder Changpeng Zhao’s earlier stance that physical offices were outdated.
The decision comes amid increasing regulatory clarity across several jurisdictions, which have made it easier for large players like Binance to operate within formal legal structures. In past years, the company faced scrutiny from numerous regulators over its lack of physical presence and licensing.
Binance’s expanding influence in shaping national crypto policies and reserves indicates a shift in how governments view digital assets: not only as financial tools but also as elements of strategic economic infrastructure.
This article was written by Jared Kirui at www.financemagnates.com.Original source
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