Key Takeaways
- Binance is advising governments on creating Bitcoin reserves.
- CEO Richard Teng says nations value Bitcoin's neutrality.
- Binance now employs 1,500 compliance staff as it shifts strategy.
Binance CEO Richard Teng revealed that the exchange is actively advising several governments on how to establish strategic Bitcoin reserves and craft regulatory policies.
In an April 17 interview with the Financial Times, Teng said that nations and sovereign wealth funds are turning to Binance for guidance as they navigate Bitcoin-related initiatives.
Government interest
Teng said:
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.
Bitcoin’s global appeal
Teng connected the rising interest to geopolitical uncertainty and highlighted Bitcoin’s neutrality.
He emphasized that its decentralized, always-on nature appeals to nations seeking alternatives to traditional financial systems.
On social media, Teng wrote:
Bitcoin is the only truly neutral currency—available 24/7 worldwide, without bias or borders.
U.S. policy influence
He also referenced a recent move in the U.S., where President Donald Trump ordered the creation of a Strategic Bitcoin Reserve, as part of this broader shift in global policy.
First-mover advantage
Teng warned that delay could prove costly.
He said:
Countries and corporations that buy Bitcoin early will benefit from the upward momentum. Those who delay adoption risk paying a premium later.
Corporate evolution
The advisory role marks a continued shift in Binance’s global posture.
Once known for avoiding regulation, the exchange has rebranded as a compliance-focused organization.
Today, 1,500 of its 6,000 employees work in compliance roles.
Binance is also considering opening a global headquarters, a significant change from its decentralized past.
Teng said of the decision:
It requires serious deliberation.
