Binance acting as advisor Government on cryptoms regulations

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Binance, the world’s largest combination of cryptocurnost, which was 2023. She admitted guilty of American criminal charges, advises several countries on creating their own regulations on digital means and establishing national strategic reserves Bitcoin.

Richard Teng, the CEO of the company, said the US user approach under President Donald Trump, including plans for the regulatory framework for digital assets and national supplies, other countries encouraged other countries in encouraging similar actions.

“Compared to many other jurisdictions, (USA) are ahead on that front,” Teng said.

The company “approached a lot of” countries “in them” (help), formulate its regulatory framework for the crypt management, “he added. He refused to name the countries with whom the firm did.

The news comes less than 18 months after bynance confessed to the blame Criminal charges relating to money laundering and violations of international financial sanctions and agreed to pay more than $ 4.3 billion punishment. The co-founder and executive director of Changpeng Zhao deviated and replaced by Teng. Zhao later served four months in prison.

Earlier this year France deepened the investigation In the bynance for doubt, he violated European money laundering and terrorist financing of the laws between 2019. and 2024. years. Binance denied the allegations and said “strongly fight any charges against it”.

The United States also imposed a five-year monitoring program, which entered into force last year, to exchange to ensure harmonization, monitoring it network of financial crimes.

Teng said almost a quarter of 6,000 employees in compliance in accordance with compliance and will continue to invest in that area.

The company was now “in the form and form that regulators priced much more compared to the past,” he added.

This month and Pakistan and Kyrgyzstan announced that Zhao began advising them on the development of crypto regulations and use of blockchain technologies.

Rori Doile, the Head of Financial Crime Policies in the Fenergo Group Software, said that global money laundering rules were updated for the disrespect for the reduction of cryptocurrent companies.

“Money laundering is $ 2TN-to- $ 3TN, and Cripto is in line. The crypto is becoming increasing work. It is just beginning to be worthy of being worthy of being in your actions, he said.

Teng said that the exchange of aids in large numbers of countries have set national strategic digital reserves of assets.

“We actually got a fairly number of approaches by several governments and sovereign resources of wealth at the establishment of their own crypto reserves.”

Trump ordered the creation of American strategic reserves of Bitcoin and digital property supplies last month, although news disappointed Traders hope that the plan will launch a large government purchase of digital funds.

Bitcoin rose a $ 108,000 record per token after Trump’s victory last November. However, the price was rejected by 10 percent this year, because the momentum faded and investors sold risky assets on fears due to the influence of Trump’s aggressive tariff policy.

The United States said that only funds would be occupied and funds taken away from law enforcement agents. The American currently controls Bitcoin and other coins worth $ 17.1 billion, held on the Exchange for coinbass, in accordance with the data company Arkham Intelligencia.

Suppliers Reserve Bitcoin claims that they should now make supplies that could serve as an alternative dollar. Bitcoin mentioned the advocates of “digital gold” as a means that the central banks cannot debate or government policies.

The return of Donald Trump until the White House transferred the position of the US on binance. American Market Regulator, Securities and Exchange Commission, paused His investigation of Bynance and his US title after Trump’s inauguration as president. The two sides worked to a potential resolution, Teng said.

Financial world freedoms, the CRIPTO project that controls the Trump family, also plans to launch a stablecoin that uses binane blocks as one of the main platforms.

Teng, which leads international business bynance, said that the company “greatly used in the last few months from the US Policies. I think the feeling has moved a lot”.

He also said that the binance was “very hard” in plans for a global exchange seat, a move that would break with his past, when Zhao sank insisted that there was no formal house.

“A serious consideration and senior management need to spend a lot of time doing evaluation … and we hope we are able to announce our intentions on that front.”