In a new interview, Binance CEO Richard Teng Confirmed that several governments and sovereign wealth funds have contacted the Cryptocurrency exchange to create their own cryptores.
Teng discussed the role of the platform in helping a number of nations to determine Cryptocurrency regulations. He also noted that these conversations have included the possible development of various national strategic Bitcoin reserves.
Only in: Binance says that several governments and sovereign wealth funds have contacted the company to create cryptores.
– watcher.guru (@watcherguru) April 17, 2025
Binance says that governments and sovereign wealth funds are investigating the creation of their own cryptores
During the first three months of the year, the digital asset sector has been a dominant story. In fact, the United States has tried to review its digital asset policy. The returning Trump administration implements the most pro-crypto shift in its history. Now it may be to stimulate similar measures from nations all over the world.
Binance CEO Richard Teng recently talked to Economic times And noted that several governments and sovereign wealth funds have contacted the platform about the establishment of their very own cryptoic reserve. In fact, the development can be monumental for the asset class on a global scale.
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That has included efforts for these devices to establish Bitcoin reserves. In March this year, US President Trump ordered the establishment of a US Crypto Stockpile and a BTC strategic reserve plan. Then Teng noted, “compared to many other jurisdictions, (USA) is far forward on that front.”