Binance CEO: "Positive Changes in Korea's Virtual Assets... Discussing Partnerships" [CryptoBriefing]

[Financial News] “We are positively evaluating the Korean government's policy changes towards virtual assets and are discussing various partnerships.”
Richard Teng, CEO of Binance, stated this during a meeting with reporters at the '2025 Binance Blockchain Study (BBS)' held at the PR Bridge Lounge in Seodaemun-gu, Seoul on the 8th.
CEO Teng said, “Korea, which has a sensitive nature to technological prowess, is also known to have a fairly high ratio of virtual asset holdings,” and evaluated that “the pro-virtual asset stance shown by the new government, with discussions on the 'Digital Asset Basic Act' expected soon, is positive.”
In this regard, CEO Teng also hinted at collaboration with domestic fintech companies. In response to a question about the Korean won stablecoin, he said, “It is natural for institutions to show partnerships regarding stablecoins. Binance, with its global network strengths and many users, can see significant growth in stablecoins through collaboration,” and added, “We are in partnership talks with Korea, but it is still difficult to disclose.”
He emphasized the need for the active expansion of stablecoins. CEO Teng explained, “Only about 20% of the world’s population can smoothly use finance. 80% face difficulties in overseas remittances,” and added, “For instance, workers abroad often incur high costs when trying to remit money to their home countries.”
He continued, “These issues can be solved with stablecoins,” and said, “Traditional financial institutions are beginning to recognize and utilize the value. Virtual assets exist to solve existing financial problems. The issuance and use cases of stablecoins are expected to steadily increase.”
Regarding the cryptocurrency policy of the Donald Trump administration, he evaluated, “Binance may have benefited.” CEO Teng said, “The Biden administration was pessimistic about virtual assets, but it changed 180 degrees starting with the Trump administration,” and added, “With clear regulatory measures like the Dollar Stablecoin Act (Genius Act) and the approval of cryptocurrency spot ETFs, it was an important year for the cryptocurrency market.”
He further stated, “U.S. listed companies have also begun to adopt virtual assets as strategic reserve assets. This trend will become more apparent this year,” and predicted, “Cryptocurrencies will continue to rise due to factors like the interest rate cut in September.” 
Meanwhile, during his visit to Korea, CEO Teng will attend the 'World Knowledge Forum' open session on the 9th and the 'Cyber Summit Korea 2025' dialogue hosted by the National Intelligence Service on the 10th as official events. yimsh0214@fnnews.com Im Sang-hyuk Kim Mi-hee Reporter