Binance Is Advising Governments on Crypto
Less than two years after pleading guilty to money laundering and sanctions violations in the U.S., Binance is now helping governments shape crypto regulations. Yes, you read that right.
The world’s largest cryptocurrency exchange has flipped the script and taken on a global advisory role, despite its checkered legal history.
In a recent interview, Binance CEO Richard Teng revealed that multiple governments have asked the company for input on regulatory frameworks and even national Bitcoin reserves.
Teng cited the U.S.’s more open approach to crypto under President Donald Trump, noting that efforts to create a national digital asset strategy and build a Bitcoin stockpile have inspired other countries to follow suit.
“Compared to many other jurisdictions, the U.S. is way ahead in this regard,” Teng said. While he declined to name specific countries, he confirmed that Binance is now playing a key role in shaping national crypto policies around the world.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
