Binance CEO Drops Crypto Reserve Bombshell—Are Countries Just Copying the US?

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So here’s the scoop: Binance CEO Richard Teng strolls into the room on Thursday and casually drops that more countries might start hoarding crypto like it’s the next collectible Beanie Baby. Apparently, America’s been “kinda sorta” setting the trend with their pro-crypto vibes, which, shocker, other countries want to mimic. Who would’ve thought?

Now, the U.S. under the Trump era got a little buddy-buddy with crypto—setting up some neat regulatory stuff and even announcing a Bitcoin national reserve. Because when you think national treasure, you think digital coins, right? Naturally, this spurred other countries to jump on the cool crypto bandwagon, and Binance? Oh, they’re already whispering sweet nothings to a bunch of these nations about setting their own crypto stash.

Binance CEO Hints At Crypto National Reserves By Other Countries Ahead

According to the Financial Times (fancy!), Teng says America’s been speed-walking ahead with pro-crypto moves, and now everyone else is scrambling to keep up. Binance claims they have a hotline buzzing non-stop with countries wanting to build their digital piggy banks. Yet when asked for names? Silence. Nada. Like someone took the crypto confidentiality oath.

And get this: a quarter of Binance’s 6000 employees are neck-deep in compliance work to make these crypto dreams happen. That’s right, compliance—the party nobody wants to go to but someone’s gotta clean up after. Binance’s plan? Pour money into this like it’s a 24/7 casino to keep things running smoothly.

Oh, and apparently “quite a lot” of countries slid into Binance’s DMs, but don’t expect them to spill the beans anytime soon. Secret crypto handshake, anyone?

The bottom line: Binance is flexing its muscles to stay the top dog in the crypto exchange game, making sure to plant flags in different countries’ digital soil. Meanwhile, the U.S. gets to strut around like the cool kid who’s “way ahead” of the pack. As if we needed proof that America likes being first or at least the loudest about it.

And by the way, CoinGape whispered that Teng also shared the magic sauce behind Binance’s success—but hey, no spoilers here!

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2025-04-17 09:27