Binance, the largest cryptocurrency exchange in the world, is now quietly helping several governments to develop their own cryptographic regulations and their reserve strategies for digital assets, according to the Financial time. The business efforts occur while countries are looking for more and more advice on how to sail in the complex world of blockchain and digital currencies.
Richard Teng, who became CEO of Binance in 2023 following an upheaval of leadership, revealed that the company played an active role by helping several national governments in the development of politicians. Although he has not appointed specific countries, Teng said Binance has been approached by many regulatory frameworks for cryptographic industry.
The growing interest of governments comes following the more favorable position of the United States on the crypto during the Trump administration. The United States has started to put pressure on a regulatory structure for digital assets and announced plans for a strategic bitcoin reserve – modes that have prompted other nations to follow suit. Teng pointed out that the United States was “ahead of this front” THE Financial time.
Binance’s new advisory role is part of a broader effort to rebuild its reputation after a high-level legal case in the United States at the end of 2023, the company admitted charges of money laundering and violations of international sanctions. The case led to more than $ 4.3 billion in penalties and led to the resignation of the founder and the CEO of Changpeng Zhao, who then served a four -month prison sentence.
The United States has also imposed a five-year compliance monitoring program on Binance, managed by the financial crimes in order to ensure that the company meets regulatory standards. Since then, Binance has made compliance a central objective. Teng said that almost a quarter of his workforce of 6,000 people is now dedicated to compliance positions and that the company continues to invest massively in this area.
Related: Binance and SEC request remains in the cryptographic trial in the middle of a new regulatory working group
Meanwhile, Binance continues to do a meticulous exam elsewhere. French regulators intensify surveys on the question of whether the exchange has violated European anti-balance laws and the financing of terrorism between 2019 and 2024. THE Financial time.
Despite these challenges, Binance goes forward with efforts to shape the future of cryptographic policy on a global scale. Teng confirmed that the company was also approached by sovereign funds and governments interested in establishing national cryptocurrency reserves. This follows recent announcements from Pakistan and Kyrgyzistan that they receive Zhao advice on cryptographic regulations and the implementation of the blockchain.
As the crypto becomes more anchored in global finance, the rules that govern it evolve. Rory Doyle, responsible for the financial crime policy for the Compliance Technology Company, Fenergo, stressed that anti-flowage standards are increasingly applied to the cryptography sector. “The crypto is becoming more and more common and companies earn money with legitimate affairs,” said Doyle, noting that compliance becomes a commercial necessity.
Even when regulatory managers take shape, the cryptography market has shown signs of volatility. After Bitcoin culminated at $ 108,000 after the Trump elections last November elections, its value has since dropped by 10% in 2025. The drop has reflected a broader uncertainty of investors on Trump’s economic agenda, in particular fears surrounding new prices and the feeling of risk on the markets.
However, Binance’s pivot towards politicians and regulatory engagement marks a notable change for a company formerly known to resist surveillance.
Source: THE Financial time
