Financial Times reports that bitcoin and crypto exchange Binance is advising several countries on creating their own bitcoin and crypto regulations and establishing national strategic bitcoin reserves.
Binance CEO Richard Teng revealed that multiple governments seek the exchange’s guidance on establishing strategic bitcoin reserves and crafting digital asset policies following recent U.S. moves toward creating a national bitcoin stockpile.
“We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own crypto reserves,” Teng said in an interview with the Financial Times. While declining to name specific countries, he noted that the United States is “way ahead” in developing strategic bitcoin frameworks.
The development comes as nations worldwide reassess their approach to Bitcoin following former U.S. President Donald Trump’s executive order to…
