Binance CEO reveals governments' interest in digital currency reserves. Discussions include Bitcoin reserves. Accelerated by Trump's directive.
Richard Teng, CEO of Binance, confirmed in a recent interview with the Financial Times that several governments and sovereign wealth funds have reached out to the exchange to create their own digital currency reserves. Teng mentioned that Binance has been consulted by a significant number of countries to assist in drafting regulatory frameworks for digital currencies. He also indicated that these discussions have involved the potential development of national strategic Bitcoin (BTC) reserves. This process has accelerated following President Trump’s directive in March this year to establish strategic Bitcoin reserves in the US.
