Binance Advises Governments on Building Strategic Bitcoin Reserves

"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," Teng stated in a recent interview. While he did not disclose specific countries, Teng noted that the United States is "way ahead on that front," referencing discussions around creating a national Bitcoin reserve seeded with BTC forfeited in federal criminal and civil cases.

Binance’s involvement in regulatory discussions reflects the company’s ongoing efforts to strengthen its compliance posture. Since late 2023, when founder Changpeng Zhao stepped down as CEO, the exchange has focused on enhancing transparency and aligning more closely with international regulatory expectations.

To bolster its advisory capabilities, Binance established a Global Advisory Board in 2022, comprising former high-ranking government officials and financial experts. The board is led by former U.S. Senator Max Baucus and includes notable figures such as David Plouffe, former campaign manager for President Obama, and Bruno Bézard, former head of the French Treasury.

Binance’s advisory role extends beyond policy development. The company has significantly expanded its compliance and regulatory teams in recent years, with over 1,000 employees and contractors focused on aligning with global standards. These efforts support Binance’s broader goal of helping nations integrate digital assets into their financial systems and explore frameworks for crypto reserves.

Binance’s expanding advisory footprint also reflects a broader trend of public-private collaboration in shaping the digital economy. With central banks exploring CBDCs and countries like El Salvador and the UAE adopting pro-crypto policies, governments are increasingly turning to private sector innovators for technical expertise and strategic insights. Binance, with its global reach and infrastructure, is uniquely positioned to influence how crypto is integrated into mainstream financial systems, from helping draft legislation to advising on secure custody solutions and liquidity strategies for sovereign reserves.

In Pakistan, Binance's involvement is particularly noteworthy. The government established the Pakistan Crypto Council in March 2025 to oversee and promote blockchain technology and digital assets. Changpeng Zhao, Binance's founder, was appointed as a strategic adviser to the council, highlighting the company's influence in shaping national crypto strategies.

While Binance's transition from a regulatory outlier to a policy advisor is commendable, it also raises questions about the influence of private entities in public policy-making. As governments increasingly rely on industry leaders for guidance, the balance between innovation and regulatory oversight becomes crucial.

As the cryptocurrency landscape continues to evolve, Binance's role in advising governments underscores the growing intersection between digital assets and national financial strategies. The company's efforts to align with regulatory frameworks and support the development of crypto reserves position it as a pivotal player in the future of global finance.