Binance is taking a proactive advisory role as multiple governments approach the exchange for guidance on structuring their own bitcoin regulations and forming digital asset strategies. CEO Richard Teng stated that nations are looking to create strategic reserves of bitcoin and detailed that the U.S. is ahead in developing frameworks for such reserves. This shift is indicative of a changing global attitude toward bitcoin as a legitimate strategic asset, with countries like Pakistan and Kyrgyzstan already collaborating with Binance.
"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 said.
"Countries like Pakistan and Kyrgyzstan have already partnered with Binance on crypto regulation, though neither has officially announced plans for bitcoin reserves."
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