Market news: Binance is in talks with multiple governments and sovereign wealth funds, intending to establish cryptocurrency reserves

ChainCatcher news, according to market news, Binance has stated that multiple governments and sovereign wealth funds have approached them with the intention of establishing cryptocurrency reserves.

It is reported that Binance CEO Richard Teng mentioned in an interview with the Financial Times on April 17 that Binance has been advising several governments on establishing strategic Bitcoin reserves and formulating regulations for crypto assets.

He said, "In fact, we have already received quite a few suggestions from some governments and sovereign wealth funds about establishing their own crypto reserves." Although he did not specify particular countries, Richard Teng indicated that the United States is far ahead in this regard.