As the U.S. embraces the crypto industry, more countries are considering a similar approach—and the world’s largest crypto exchange is helping them do it. Binance is advising several governments on developing regulations for crypto and creating their own national Bitcoin reserves, the Financial Times reported on Thursday.
The company has “been approached by quite a lot” of countries seeking for help to develop regulatory frameworks to govern the industry, Binance CEO Richard Teng, told the Financial Times. However, Teng declined to say which countries Binance is working with, the report said, and didn’t mention any other companies or groups that are also advising policymakers.
