Binance Advises Nations on Crypto Regulations and Bitcoin Adoption

Binance, under the leadership of its new CEO Richard Teng, is actively advising countries on developing crypto regulations and adopting Bitcoin. This announcement comes in the wake of Changpeng “CZ” Zhao’s departure for which CZ continues to own a controlling stake in the firm. Binance supports governments in shaping the development of regulatory frameworks on crypto assets. They focus on the geopolitical angle of being first to realize Bitcoin is an important strategic asset.

Multiple countries have been eager to consult with Binance on how to chart a course through the rapidly changing world of digital currencies. After all, Pakistan and Kyrgyzstan have admitted, at least publicly, to having received calls from CZ on crypto regulation and Bitcoin adoption.

"We have been approached by quite a lot of countries to help them with formulating their regulatory framework to govern crypto." - Richard Teng, CEO of Binance

In addition, Binance is encouraging other countries to follow in the United States’ footsteps and make Bitcoin a strategic reserve asset. Per Binance, the U.S. has taken the lead over other nations by doing so. The U.S. has inadvertently created a strategic reserve of Bitcoin and a crypto stockpile.

The firm is advising the company on ways that they can grow their Bitcoin reserves without putting taxpayers at risk. In fact, the U.S. is aggressively incentivizing creative approaches to increasing its Bitcoin stash. It is looking at alternatives, including employing tariff revenue and revaluing government gold certificates.

Binance is playing an active role in advising national governments on the best way for them to purchase Bitcoin. The company believes that once a major nation begins accumulating Bitcoin, other countries will be incentivized to compete in acquiring the digital asset.

"We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own crypto reserves." - Richard Teng, CEO of Binance

Industry leaders, including Anthony Pompliano, the CEO of Professional Capital Management, call on countries to work with these experts. They’re convinced that it’s fundamental for democracies that governments succeed in finding independent, informed voices on policy.

“It makes sense that countries would reach out to industry players to ensure they have informed views on policy.” - Anthony Pompliano, chief executive of Professional Capital Management

It’s against that backdrop of the U.S. being the greatest economy ever built. It’s always on the hunt for creative and novel approaches to increase its Bitcoin treasury. Trey Grayson, the executive director of the presidential council of advisers for digital assets, is deeply and creatively searching for options. One of these areas is the use of tariffs.

“We’re looking at many creative ways, whether it be from tariffs, there’s literally countless ways in which you can do this.” - Bo Hines, executive director of the presidential council of advisers for digital assets

David Bailey, the chief executive of Bitcoin Magazine publisher BTC Inc, declared that Bitcoin is earning unprecedented praise from senior government leaders. He pointed out that President Trump’s establishment of a strategic bitcoin reserve is only one among many steps that should be taken to cultivate American innovation.

“Bitcoin is experiencing unprecedented recognition at the highest levels of government, but it’s not happening in a silo." - David Bailey, chief executive of Bitcoin Magazine publisher BTC Inc"President Trump’s establishment of a strategic bitcoin reserve is one of many steps he’s taken to promote American innovation." - David Bailey, chief executive of Bitcoin Magazine publisher BTC Inc