In a recent interview with the Financial Times, Binance CEO Richard Teng emphasized the shift towards a more crypto-friendly environment in the United States under former President Trump’s administration. This transformation includes proposed initiatives for a comprehensive digital asset regulatory framework and the establishment of national reserves, encouraging other nations to follow suit. Binance has proactively engaged with various governments to aid in the creation of effective cryptocurrency regulations. However, Teng refrained from revealing the specific countries currently involved in these discussions.
Teng highlighted Binance’s commitment to innovation, noting that the exchange is actively assisting several nations in creating strategic digital asset reserves. Impressively, around 25% of Binance’s workforce, totaling 6,000 employees, is dedicated to compliance-related efforts, with plans for continued investments in this critical area. Notably, Pakistan and Kyrgyzstan recently acknowledged the expertise of Binance founder CZ, as he embarks on advising them in navigating the intricacies of crypto regulation and the implementation of blockchain technology.
Source: https://en.coinotag.com/breakingnews/binance-ceo-richard-teng-discusses-expanding-crypto-friendly-regulations-under-trumps-leadership/