Binance reportedly leads various governments on setting up strategic Bitcoin reserves and the development of clear crypto instructions.
In a April 17th interview On Financial Times, Binance CEO Richard Teng revealed that several countries have approached the exchange for its expertise in navigating crypto-related initiatives.
According to him:
“We have actually received a good number of approaches through some governments and sovereign wealth funds in the establishment of their own crypto reserves.”
Teng noted that this growing interest reflects developments in the United States, where President Donald Trump ordered the establishment of a strategic Bitcoin reserve.
Teng elaborate On the social media platform X, the interest of these countries in Bitcoin stems from his unique neutrality.
Teng described BTC as a truly limitless, always available actively that functions independently of political or financial systems. This quality appeals to nations in the midst of rising global tensions.
Teng wrote:
“Bitcoin is the only really neutral currency – available 24/7 worldwide, without bias or boundaries. In a world of rising tensions and rates, BTC is strong.”
Given this, the Binance CEO warned:
‘Countries and companies that buy Bitcoin Early will benefit from the upward momentum. Those who delay the adoption risks that will pay a premium later. “
Compliance-first approach
The Binance advisory role comes at a time of considerable change within the company.
Once seen as a challenging player in the crypto room, the exchange has renamed itself a compliance-first organization.
Teng explained that Binance had invested heavily in regulating coordination. Of the 6,000 employees, around 1500 now work in accordance. This shift helped the exchange to get renewed confidence from global regulators.
The company is also considering launching a permanent worldwide headquarters, which would be a remarkable deviation from the historically decentralized structure.
Teng pointed out that the Exchange leadership team evaluates different options, but emphasized that the decision requires careful planning.
He said:
“It requires a serious deliberation and the board and senior management spend a lot of time doing the evaluation.”
