Binance CEO: Has engaged with many countries to help develop cryptocurrency regulatory frameworks and assist some countries in establishing strategic reserves

ChainCatcher news, Binance CEO Richard Teng told the Financial Times that under President Trump’s leadership, the U.S. has taken a more favorable stance towards cryptocurrencies, including plans to establish a regulatory framework for digital assets and a national reserve, which is encouraging other countries to take similar actions. Binance has engaged with many countries, hoping to assist them in developing cryptocurrency regulatory frameworks. However, he declined to disclose the list of countries collaborating with the company.

Richard Teng stated that Binance is currently helping some countries establish national strategic digital asset reserves. Nearly a quarter of Binance's 6,000 employees are engaged in compliance work and will continue to invest heavily in this area.

Earlier this month, both Pakistan and Kyrgyzstan announced that Binance founder Zhao Changpeng has begun advising them on developing cryptocurrency regulations and utilizing blockchain technology.