Binance CEO Richard Teng has revealed that the exchange is currently engaged in private conversations with multiple governments around the world about setting up national reserves in Bitcoin and other digital assets.
Speaking to the Financial Times on April 17, Teng said various countries and sovereign wealth funds have approached Binance seeking guidance on how to structure their own cryptocurrency reserves and develop related policies.
“We’ve had several governments reach out to us about creating crypto reserves,” Teng noted, without naming any specific nations involved in the discussions. He also hinted that the United States is significantly ahead in these strategic developments compared to other countries.
The move signals a growing interest among global policymakers in integrating Bitcoin into their national financial planning, with Binance playing a central advisory role.