Binance Becomes Worlds Crypto Advisers

In recent Cryptocurrency news Binance has begun advising multiple governments on crypto regulation, infrastructure and national digital asset strategies. Less than two years after pleading guilty to criminal charges in the U.S which is the world’s largest centralized Exchange (CEX) is amazing how far things have come.

The Goal For A Crypto Friendly Globe

Under the leadership of new CEO Richard Teng Binance is taking a different approach. Teng recently told the Financial Times that several countries have approached Binance for assistance in formulating their regulatory frameworks around cryptocurrency. He didn’t disclose the specific nations but confirmed that Binance is involved in helping governments design digital asset legislation and even build strategic crypto reserves.

Teng believes the impact of a changing U.S. political landscape and references Trump administration’s crypto forward position as a major catalyst for change. “Compared to many other jurisdictions, [the US] are way ahead on that front,” he said. President Donald Trump’s recent executive orders to establish a U.S. strategic bitcoin reserve have set off a domino effect globally and is now pushing other countries to act swiftly or risk being left behind in the digital finance race.

From Regulation Breaches To Compliance Partners

This advisory role is a change for Binance because in 2023 the company pleaded guilty to money laundering violations and agreed to pay over USD 4.3 billion in penalties. Co-founder Changpeng "CZ" Zhao stepped down and served four months in prison. The exchange has since been operating under a five-year compliance monitoring program overseen by the U.S. Financial Crimes Enforcement Network.

Teng states that Binance is no longer the unregulated Wild West platform it once was. Nearly a quarter of its 6,000 employees now work in compliance roles and the company is actively courting regulatory Favor. “The company is now in a form and shape that regulators appreciate much more compared to the past,” Teng said.

Indeed, Binance is going so far as to explore the establishment of a global headquarters something CZ always resisted during his tenure.

Pakistan Procures Binance

One of the clearest examples of Binance’s new role can be found in Pakistan. Changpeng Zhao was recently appointed as Strategic Advisor to the Pakistan Crypto Council (PCC), a government-backed body tasked with guiding the country’s digital finance future. During a high-level meeting chaired by Pakistan’s Finance Minister Senator Muhammad Aurangzeb, CZ pledged to support the development of a compliant and competitive crypto ecosystem.

"This is a landmark moment for Pakistan,” said Senator Aurangzeb. “With CZ onboard, we are accelerating our vision to make Pakistan a regional powerhouse for Web3, digital finance, and blockchain driven growth.”

Zhao’s advisory role will involve collaboration with the Pakistani government on everything from regulatory design to blockchain infrastructure and public education initiatives. He has also held separate meetings with Pakistan’s Prime Minister and Deputy Prime Minister showing that the country is making crypto a national priority.

As Bilal Bin Saqib, CEO of the PCC, stated, “Trump is making crypto a national priority, and every country, including Pakistan, will have to follow suit or it will be at the risk of getting left behind.”

The future looks interesting, what are your thoughts?

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