Binance Advises Countries On Creating Bitcoin Reserves, Says Its CEO

Richard Teng, CEO of Binance, revealed that the crypto exchange platform is helping several governments establish strategic bitcoin reserves and develop regulatory frameworks. This trend is accelerating as many countries follow the American example regarding digital asset policies.

Binance at the heart of several countries’ national Bitcoin strategies

Richard Teng confirmed in an interview with the Financial Times on April 17 that Binance is actively involved in discussions with multiple governments regarding the establishment of strategic digital asset reserves.

We have received a number of proposals from governments and sovereign funds regarding the creation of their own cryptocurrency reserves.

Although Teng did not specify the countries involved, he pointed out that the United States is “very far ahead on this front“.

In recent months, the U.S. administration has made significant advances, notably with Donald Trump signing a decree to create a strategic bitcoin reserve funded by cryptocurrencies seized in legal cases.

Pakistan and Kyrgyzstan recently announced collaborations with Binance on crypto regulation, but neither has yet mentioned concrete plans for national bitcoin reserves.

A strategic shift for Binance

Alongside its advisory role to governments, Binance appears to be evolving in its own organizational structure.

Unlike the position of its founder Changpeng Zhao, who stated in 2019 that “offices and headquarters are outdated concepts“, the company is now actively working to establish a global headquarters.

“This requires serious thought and the board dedicates a lot of time to it“, Teng explained, adding that he hopes to announce their intentions on this matter soon.

This change comes in a context where more and more jurisdictions are adopting clearer regulatory frameworks for crypto activities, after a period during which Binance was subject to increased scrutiny from many international regulators.

As institutional adoption of bitcoin accelerates, Binance appears to want to position itself as a trusted partner for governments, marking a new step in legitimizing cryptos on a global scale.