Binance helps countries with Bitcoin reserves, crypto politics, says General Manager

Cryptocurrenci Stock Exchange Binance is involved in conversations on establishing strategic digital reserves for digital assets with several countries, her general director, Richard Tengue, allegedly said.

Binance was advised Multiple governments about establishing a strategic bitcoin (Btc) Reserves and formulation of cryptomy regulations, Teng in an interview With financial time 17 April.

“We actually got a fairly range of accesses by several governments and sovereign wealth funds on the establishment of their own crypto reserves,” Teng Ft said.

Teng did not identify any countries, but said that the United States “forward forward on that front.”

American Fuel Global CRIPTO Reserve spree

According to the tang, the main reason for the Government approaching the binance for helping in handling potential strategic reserves is a new Agenda with the UKI in the United States.

Teng referred to the key to the American Development of Crypto Policy, such as discussions around creating a national reserves Bitcoin and Digital Asset Stockpile. Earlier this year, Trump signed the executable Establish a Bitcoin Strategic Reserve They are blown with BTC lost in federal criminal and civil cases.

While having Pakistan and Kyrgyzstan governments announced Cooperation with binance and Former General Manager Changpeng Zhao on Cropto regulations In the last few weeks, none of the jurisdictions mentioned CRIPTO Reserve plans on their agenda.

Binance moves the attitude in the seat

While the binance deepens its participation in efforts to help countries establish crypto reserves and regulations, it seems to switch away from its formal seat without a formal seat Access under Zhao.

According to the tang, stage “works very hard” on plans for a global exchange seat.

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“A serious consideration and senior management needs to conduct a lot of time,” Teng, adding, “I hope we can announce our intentions on that front.”

In 2019. years Zhao said These offices and seat are “old concepts like SMS and MMS”.

Shift comes as more jurisdictions adopt more clearly frameworks for regulating the crypto company. Binance was susceptible Heavy control and investigations by more governments in 2020. years.

Cointhelegraph approached the binance for comment in connection with his cooperation of crypto politics with governments around the world, but did not receive a response until the moment of publication.

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