Binance CEO Richard Teng revealed in an April 17 Financial Times interview that several governments and sovereign wealth funds have sought Binance’s guidance on setting up strategic crypto reserves and regulations

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Apr 17, 2025 - 12:00am

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Cryptocurrency exchange Binance is involved in discussions on establishing strategic digital asset reserves with several countries, its CEO, Richard Teng, said. Binance has been advising multiple governments on establishing strategic Bitcoin reserves and formulating crypto asset regulations, Teng said in an interview with the Financial Times on April 17. “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 told the FT.

Binance, the world’s biggest cryptocurrency exchange, which in 2023 pleaded guilty to US criminal charges, is advising several countries on creating their own digital assets regulations and establishing national strategic bitcoin reserves.

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Week 16 of 2025