Binance in conversations with countries to establish strategic reserves Bitcoin: report

Once in the center of the main executive procedures, the binance should now advise countries on creating strategic cryptos.

Despite the confrontation with criminal charges in 2023. years, Stage Now they seem to advise governments and sovereign wealth funds on how to create a national strategic bitcoin (Btc) Reservations and set the regulations on digital means, the Director General of Richard Teng said financial time.

Thursday interviewTeng said the exchange received “quite numerous approaches by several governments and sovereign wealth funds” on the establishment of “their own crypting reserves”. He said the exchange was also helping countries “with formulating their regulatory framework to regulate crypto.”

Whereas Teng did not appoint the countries, he noted that the binance approached “a whole lot of them.”

Shift comes as US under president Donald Trump Signals More Crypto Support, including plans for the National Crypto Stock. Teng said that he called other countries to take similar steps, adding that compared to many other jurisdictions, they are still “forward on that front.”

The participation of Binavet follows a period of great regulatory pressure. In 2023. the company confessed to the blame In American criminal charges regarding violations of money laundering and sanctions, paying more than $ 4.3 billion punishment. Bynance’s co-founder of Changpeng Zhao deviated and served four months in prison. Binance agreed to keep independent conformity observers as part of its settlements with American prosecutors and Fincen.

Recently report To the Wall Street Journal, inventing people who have been acquainted with American treasury officials to remove monitor that monitor the complexity of money laundering, although it is not clear whether the conversations are gone anywhere.