Binance is aiding multiple governments in creating crypto regulations and digital asset strategies, as revealed by CEO Richard Teng. Following legal challenges and compliance mandates in the U.S., Binance now focuses on regulatory adherence, dedicating a substantial workforce to compliance. Despite ongoing scrutiny from French regulators, Binance continues to engage with various nations on crypto policy development, reflecting its commitment to shaping the future of digital finance.
Binance, the leading cryptocurrency exchange, is reportedly assisting various governments in formulating regulations and digital asset reserve policies, according to the Financial Times. This initiative arises as nations seek direction in the intricate landscape of blockchain technology and digital finance. Richard Teng, Binance’s CEO since 2023, disclosed that the firm is actively engaging with several countries, although he refrained from naming them.
The increased interest from governments follows a more favourable U.S. approach to crypto during the Trump administration, which initiated the development of regulatory frameworks for digital assets and introduced plans for a strategic bitcoin reserve. Teng noted that the U.S. remains at the forefront of these developments, reflecting an evolving global perspective on cryptocurrency regulation.
Binance’s advisory role serves to enhance its reputation following legal issues in the U.S., where the firm faced allegations of money laundering and regulatory violations. The firm agreed to penalties exceeding $4.3 billion, leading to significant leadership changes, including the resignation of founder Changpeng Zhao, who subsequently served a brief prison sentence.
To maintain compliance with regulatory standards, the U.S. has mandated a five-year monitoring program, overseen by the Financial Crimes Enforcement Network. In response, Binance has prioritised compliance, with around 25% of its 6,000 employees now focusing on regulatory adherence, reflecting a robust investment in compliance measures.
Simultaneously, Binance is under investigation by French regulators for potential breaches of anti-money laundering and terrorism financing laws from 2019 to 2024. The company denies these allegations and has committed to aggressively defending its position. Despite ongoing challenges, Binance’s efforts to shape global crypto policy continue unabated.
Teng has indicated that Binance is also engaging with sovereign wealth funds and governments interested in creating national cryptocurrency reserves, amidst recent reports of countries like Pakistan and Kyrgyzstan seeking Binance’s expertise in regulatory matters.
As cryptocurrency becomes more integral to the financial landscape, evolving anti-money laundering practices increasingly apply to this sector, according to Rory Doyle, head of financial crime policy at Fenergo. The push for compliance has transitioned into a business imperative as legitimate operations within cryptocurrency thrive.
Despite the establishment of new regulatory frameworks, the crypto market remains volatile. Bitcoin’s value peaked at $108,000 after Trump’s election but has since dropped by 10% in 2025, which illustrates the market’s apprehension regarding Trump’s fiscal policies. Overall, Binance’s strategic shift towards regulatory collaboration demonstrates a significant change from its previous stance towards oversight.
