Binance and CZ are advising countries on cryptography regulations and reserves.

According to reports, the friendly cryptographic position of the United States and strategic reserve plans have led other countries to do the same.

Binance is advising multiple countries on how they can create cryptographic regulations and strategic reserves, according to a report by The Financial Times.

So is its former CEO, Changpeng Zhao (CZ), in a seemingly separated capacity.

The current CEO of Binance, Richard Teng, said the company has been “approached by many” countries for its help with the regulatory frameworks of digital assets.

Several approaches involved governments and sovereign wealth funds that seek to establish their own cryptography reserves, and the company is helping them, said Teng. He did not declare with which Binance countries is currently working.

He speculated that the current support of the United States to cryptography under the Trump administration has led other countries to work on similar objectives. He said that the United States is “very ahead” on the issue compared to other jurisdictions.

Financial Times said that former Binance CEO, Changpeng Zhao, is advising Pakistan and Kyrgyzstan about cryptographic regulation and blockchain technology.

Sadyr Zhaparov, president of the Kyrguistan Republic, announced a memorandum of understanding with Zhao towards that goal through X in April 3.

Meanwhile, a press release on April 7 of the Pakistan Finance Division He said that Zhao had been appointed advisor at the Crypto Council of Pakistan.

The two associations with Zhao only mention a wide regulation and cryptographic development and do not specifically mention the possibility of cryptography reserves.

In addition, reports do not indicate that Binance is directly involved in those efforts. Currently, Zhao is just a Binance shareholder and does not have a role of the Board or an executive role. It seems to be involved with countries in an independent capacity.

World governments have not largely established Bitcoins strategic reserves. However, some have obtained BTC through other means, even through direct purchases, through transactions, or by confiscating it in criminal and civil cases.

Bitcintrease.net It establishes that 12 countries have more than $ 44.2 billion of bitcoin combined. That amount is equal to 523,414 BTC, or 2.5% of the entire Bitcoin supply.

Some of that BTC could be transferred to future strategic reserves. In particular, the United States will finance its strategic reserve using Bitcoin once it was lost in criminal or civil procedures, according to an executive order of the Trump administration. The government could also buy additional bitcoin for reservation on a later date.

Several other countries are also exploring Bitcoin reserves, including Germany, Hong Kong, Russia, Brazil and Poland, according to a Forbes report this January.