Binance is advising global governments on the establishment of strategic Bitcoin reserves and the formulation of crypto regulations, as reported by CEO Richard Teng. He noted that numerous governments and sovereign wealth funds have approached Binance for assistance amid a growing interest in digital asset policies, particularly following developments in the U.S. Teng highlighted the U.S.’s lead in this area, referencing its recent initiatives, such as the potential creation of a national Bitcoin reserve. While he did not disclose specific countries involved, he mentioned recent collaborations with the governments of Pakistan and Kyrgyzstan. Additionally, Teng discussed Binance's intent to create a global headquarters, indicating a shift from its previous decentralized operational stance. This move comes as more regulatory frameworks emerge worldwide for the crypto industry.

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