The post Binance in Talks with Governments Eyeing National Crypto Reserves appeared on BitcoinEthereumNews.com.

Richard Teng has confirmed that the world’s largest crypto exchange is actively assisting several nations in establishing their own digital asset reserves. Teng’s remarks follow Donald Trump’s directive to establish a U.S. Bitcoin Reserve utilizing the digital assets already held by the U.S. government. Richard Teng, former regulator in Singapore and now Binance CEO, spoke to the Financial Times in a recent interview about the role the cryptocurrency exchange is playing in shaping the global regulatory environment. According to Teng, “quite a lot” of countries have approached Binance to assist in the creation of national crypto regulation frameworks. This marks a major shift in how Binance is perceived by regulators globally. Once considered evasive and combative when it came to regulation with the US SEC, the company is now being welcomed as a strategic partner. Teng emphasized that Binance operates in a way “that regulators appreciate much more compared to the past.” That transformation is visible in the company’s growing compliance infrastructure. Nearly 25% of Binance’s 6,000-strong workforce is now dedicated to compliance-related functions. Notably, the compliance division is led by Todd McElduff, who brings experience from both PayPal and Morgan Stanley. Beyond policy advisory, Binance is stepping into strategic roles with national governments. Teng confirmed that the exchange is working closely with several nations on the establishment of sovereign crypto reserves. “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,” he said.  As mentioned in our previous article, Binance’s founder, Changpeng Zhao, recently took a key advisory role with the Pakistan Crypto Council following meetings with Prime Minister Shehbaz Sharif and Deputy Prime Minister Ishaq Dar. A Favorable Political Climate for Crypto Teng added that “Compared to many other jurisdictions, the U.S. is…

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Filed under: News - @ April 17, 2025 12:15 pm