The CEO of Richard Teng said that the encrypted Binance is involved in discussions on the creation of strategic digital asset reserves with many countries, and Richard Ting reported.
Binance was Advice Ting said in an interview with the Financial Times on April 17, that multiple governments about the creation of Bitcoin Strategic Reserves (BTC) and the formulation of encryption assets regulations.
“We have already received a large number of styles by a few governments and sovereign wealth funds to create their encryption reserves,” Teng told FT.
Ting did not specify any country, but he said that the United States “is advancing on this front.”
Global encryption spare for global fuel
According to Ten, the main reason for governments approaching Binance to obtain assistance in dealing with potential strategic reserves is the new agenda friendly for encryption in the United States.
TENG referred to the developments of the main American encryption policy, such as discussions on the creation of Bitcoin and digital assets. Earlier this year, Trump signed an executive order to create a BTCOIN strategic reserve made by BTC confiscated in federal criminal and civil cases.
While the governments of Pakistan and Kyrgyzstan have it Declare Cooperation with Binance and former CEO ChangPeng Zhao on encryption regulations in the past few weeks, none of the judicial states have not mentioned coding backup plans on their agenda.
Binance changes the situation on the headquarters
With Binance deepening their participation in efforts to help countries create coding reserves and regulations, it seems that it has turned away from their informal approach during the Zhao era.
According to Ten, Binance is very seriously working on plans for global headquarters for exchange.
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“It requires serious deliberations, the council and the senior management that requires a lot of time to conduct the evaluation,” Ting said: “We hope that we can announce our intentions on that front.”
In 2019, Zhao He said The offices and headquarters are “old concepts like SMS and MMS.”
This transformation comes at a time when more judicial states are clearly evident to regulating encryption work. Binance was vulnerable to extreme scrutiny and investigations by several governments in 2020.
CointeleGRAPH is close to comment on comment on cooperation in the policy of encryption with governments around the world, but he did not receive a response by publishing time.
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