Changpeng Zhao, the former CEO of Binance, has taken on an advisory role for various countries looking to establish crypto strategic reserves. He highlighted that with the U.S. government now having a Bitcoin reserve, other nations feel compelled to follow suit, or risk missing out on the benefits of cryptocurrency. Zhao praised Bhutan for its innovative approach to crypto adoption and criticized Europe for lagging behind, except for Montenegro, which he noted as being proactive in its dialogue regarding digital currencies. He emphasized the importance of fundamental decisions in setting up these reserves, such as wallet security and custody solutions. Zhao’s commitment to advising countries comes despite his previous legal troubles and a court-mandated separation from managing Binance, demonstrating his continued influence in the crypto space as he offers his insights pro bono to help advance national interests in cryptocurrency adoption.

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