Crypto exchange Binance is collaborating with governments to shape their crypto policies. A new report by the Financial Times states that several countries have shown interest in Bitcoin reserves and have sought Binance’s advice.
The company’s CEO, Richard Teng, shared that governments and sovereign wealth funds are asking for advice. While he did not disclose interested countries, he confirmed that Binance is helping these nations with policies for managing and storing crypto.
“We have received several approaches by a few governments and sovereign wealth funds on the establishment of their crypto reserves,” Teng said.
JUST IN:
Binance CEO Richard Teng just announced that the exchange is now advising multiple governments on crypto regulations and helping shape national Bitcoin reserve strategies.
Bullish?
But Isn’t there a conflict of interest.
Should a major exchange like Binance help… pic.twitter.com/0pQHfQQ5TT
— Brian Rose, Founder & Host of London Real (@LondonRealTV) April 17, 2025
Lately, most nations have warmed up to cryptocurrencies and are seeking rules to guide industry activities. For example, the US has made significant progress under President Trump. Interestingly, Teng noted that the US is currently ahead of most nations when it comes to crypto regulations.
Binance and the US have had a bittersweet relationship, as the crypto exchange was sanctioned for money laundering. Although Binance still faces strict monitoring from US regulators, the exchange has expressed plans to be more compliant than in previous years.
Teng noted that the new administration in the US has improved sentiments, making it easier for firms to operate.
A Growing Global Interest in Crypto
The recent interest in Bitcoin shows that governments treat crypto as a real asset. There’s been massive mainstream adoption of crypto in recent months. Countries like Pakistan and Kyrgyzstan are developing their crypto policies.
Former Binance CEO Changpeng Zhao plays a huge role in helping these nations build their crypto strategies. He’s been advising on how blockchain can support economic growth and innovation, especially in developing countries.
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