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Crypto exchange Binance is remodeling its attitude toward regulation, flipping the script on its former notoriety as a pain in the neck of sorts to a role as an insider policy adviser to governments worldwide. The organization currently advises governments in several countries on crypto policy, recent quotes by CEO Richard Teng report.
From Rule-Breaker To Policy Consultant
“We have received in fact a significant number of proposals by several governments and sovereign wealth funds to set up their own crypto reserves,” Teng said in a recent interview with the Financial Times.
The CEO said that Binance now has a framework “that regulators like much more than before.”
This shift represents a dramatic turnaround for a business previously infamous for evading regulation. Now,…
