Binance is collaborating with countries interested in establishing their own strategic crypto reserves, inspired by the pro-crypto stance of the U.S. under the Trump administration.
Binance CEO Richard Teng revealed that the cryptocurrency exchange is working with several nations to develop regulatory frameworks, with a team of 1,500 employees dedicated to compliance roles.
The U.S. is leading in crypto developments compared to other jurisdictions, according to Teng.
Partnering with governments on national reserve projects helps Binance expand its global influence as the world's leading cryptocurrency exchange.