Binance, the world’s largest cryptocurrency exchange, is extending its reach beyond finance into international diplomacy. After pleading guilty to charges related to money laundering and sanctions violations in 2023, Binance has become a sought-after advisor for countries seeking to establish regulatory frameworks for digital assets. The company’s CEO Richard Teng highlighted that the U.S.’s proactive approach with a well-defined regulatory framework, including its plans for a national bitcoin reserve, is inspiring other nations to follow suit. He explained that Binance’s experience working with regulators has positioned it as a valuable resource for international collaboration on digital asset regulation. Binance is currently assisting governments in various regions, particularly Pakistan and Kyrgyzstan, with implementing crypto regulations and blockchain technology. In addition to regulatory guidance, the company also offers expertise in establishing national digital asset reserves. Teng emphasizes that Binance’s reputation has significantly improved since the guilty plea, making it a more trusted advisor for international policy decisions. The company’s involvement in these initiatives reflects the growing integration of cryptocurrency into global financial systems and its potential impact on economic development and stability.