Binance advises countries on Bitcoin reserves
Binance to advise sovereigns on Bitcoin reserves
Binance, the world’s largest cryptocurrency exchange, is advising several governments and sovereign wealth funds on creating strategic Bitcoin reserves and crafting crypto regulatory frameworks, CEO Richard Teng said in an interview.
Though Teng declined to name the countries, his comments echo those of other industry leaders who report official interest in digital‐asset holdings. Teng emphasized that early adopters “will benefit from the upward momentum” of Bitcoin, while latecomers risk “paying a premium later.”
Changpeng “CZ” Zhao, Binance’s co‑founder and former CEO, recently accepted an advisory role with Pakistan’s Crypto Council and is in talks with Kyrgyzstan’s National Investment Agency, underscoring the exchange’s growing governmental ties. Zhao has offered pro bono guidance on blockchain regulation, illustrating Binance’s pivot toward public‐sector engagement, reports Cryptopolitan.
Compliance overhaul and global headquarters
Since agreeing to a $4.3 billion settlement with U.S. authorities, Binance has significantly bolstered its compliance function. Teng noted that roughly 25% of the exchange’s 6,000 employees now work in compliance roles. “We are in a better relationship with regulators than before,” he said, highlighting efforts to secure licenses worldwide.
In a departure from previous leadership, Binance is evaluating the establishment of a formal global headquarters. “It requires serious deliberation,” Teng said, with board members “spending a lot of time” on the decision. Under former CEO Zhao, the firm maintained a decentralized structure, arguing it did not need a central base.
U.S. adoption spurs international momentum
Teng praised U.S. crypto initiatives—such as executive orders to create a digital‐assets stockpile and strategic reserves—as catalysts for global acceptance. He observed that American regulatory developments have encouraged other nations to explore similar policies, even as Congress debates broader stablecoin and blockchain legislation.
As Binance navigates its expanded advisory role and compliance transformation, the industry will watch whether sovereign Bitcoin reserves become a mainstream tool for national treasury management—and how Binance’s potential new headquarters might solidify its place in the evolving regulatory landscape.
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