Degen

Binance CEO Richard Teng confirmed in a recent interview with the Financial Times that the exchange has been approached by several governments and sovereign wealth funds to help develop their own digital currency reserves.

Teng said Binance has been consulted by a significant number of countries to help develop their own regulatory frameworks for digital currencies. He also noted that the discussions have included the possible development of a national strategic reserve of Bitcoin (BTC).

The process has accelerated following President Trump’s order in March to create a strategic reserve of Bitcoin in the United States.