On April 17, Binance CEO Richard Teng told the Financial Times that under President Trump, the U.S. has taken a more friendly attitude towards cryptocurrencies, including plans to establish a digital asset regulatory framework and national reserves, which is spurring other countries to take similar actions. Compared to many other jurisdictions, the United States is far ahead in this regard. Binance has approached many countries to help them develop a cryptocurrency regulatory framework. But he declined to disclose a list of countries that he worked with.

Richard Teng said Binance is currently helping some countries build national strategic digital asset reserves. Nearly a quarter of Binance’s 6,000 employees are engaged in compliance and will continue to invest heavily in the field.

Earlier this month, both Pakistan and Kyrgyzstan announced that Binance founder CZ has begun advising them on crypto regulations and the use of blockchain technology.