Binance helps “lots of countries” with the plans of Cripto Reserve, says CEO – DL News

Binance, the world’s largest CRIPTO Exchange, has been conducted for years trying to capture regulatory fires at the global level, but governments are now placing a firm for helping cryptocurrency.

It is according to the CEO Richard tengu, which told The Financial times That several countries have requested the Council on the establishment of national crypt of reserves and regulations – the main narrative of the company accused in many jurisdictions of regulatory crimes.

Teng said crypto-adapted policies under American President Donald Trum encouraged other nations to follow the suit. Under the Trump, it seems that legal hostility to the CRYPTA gave it to give its way a smaller strict regulatory regime.

The Securities and Exchange Commission ended several high-defision research and executive actions against crypto companies, including coinbass and unisvap.

In March, Trump CEO signed In order to create a Bitcoin Strategic Reserve and a US Digital Storage Center for Cryptocurren Storage seized by the US law on law enforcement.

But on Monday, Boyne, the CEO of Trump of the Advisory Council for digital property, said the government considered Financing purchases Bitcoin Use of tariff income.

The United States are “Previous” of other countries in matters related to regulations with the crypt and establishment of national stocks of digital funds, Teng said.

TENGO Realization of cast binance, regulatory lag, in a new light – the one who puts the company in the diluted halls of government policy. Mailing reports on negotiations between officials and American officials to reduce government supervision on crypto exchange.

2023 The binance pleaded guilty of violating the regulations of money laundering. Binance has paid a fine of $ 4.3 billion for not preventing sanctioned actors, including terrorists and drug traffickers, from planting funds through its platform. Changpeng Zhao’s founder also closed four months.

But even as he tries to climb the legitimacy of the ladder, the reputational scars of binance may not be so easy.

The company is Under investigation in France For similar criminal offenses that saw that in the United States agreed to Hefte.

Nigerian authorities did not take their legal attack on the company, a year after she arranged two of their heads and forced to close him in the country in the country.

In February, the Government of Nigeria approached the Federal Judge to charge $ 71 billion in order on binance for unpaid taxes and economic distortion. It was bynance also Dealing with trial To launder money and tax evasion in West African nation.

But Teng says the company in a better regulatory form – one that government regulators “prices much more than the past,” he said Financial times.

The bynance said said that the company invested in improving compliance with regulatory provisions around the world.

Osato Avan-Nomaio Is our correspondent in Nigeria based. It covers Defi and Tech. To share tips or stories information, contact it on osato@dlnews.com.