Former Vinanest Chief offers government free code advice on regulations and adoption

Binance Founder CZ offers free regulatory guidance to governments around the world, demonstrating a powerful new driving force for accelerating the adoption of global crypto and reshaping digital finance.

CZ ready to help the government accept codes – no fees, just commitment

Former Binance CEO Changpeng Zhao (CZ) has expressed his willingness to support the government to embrace digital assets. Posting on social media platform X on Saturday, CZ said he was open to helping to shape crypto regulations around the world. He wrote:

If governments on crypto adoption and regulatory policies are truly embraced by crypto, we are pleased to support and advise any government. I will provide advice free, but the only limitation is the time I am available.

CZ, who resigned from Binance in 2023 after a $4.3 billion settlement with the US Department of Justice (DOJ), continues to have influence in the crypto industry. Despite his formal role decline, his statements often spark debate among industry leaders and policymakers. His latest offer to guide government is consistent with the push for a wide range of industry seeking a clearer regulatory framework that supports innovation while ensuring compliance. Zhao’s comments also suggest that he is still actively involved in shaping crypto policy, even after he left the helm of the world’s largest crypto exchange.

As governments around the world navigate digital asset regulations, from bans to exploring Bitcoin Reserves and Central Bank Digital Currencies (CBDCs), CZ’s messages can resonate with those seeking to create crypto-friendly frameworks.

Zhao was recently appointed as adviser to Pakistan’s Crypto Council. It is a newly formed regulatory body aimed at promoting the development of the country’s crypto infrastructure and blockchain education. Meanwhile, in Malaysia, the CZ has been involved in discussions with government officials about potential strategies to leverage digital assets and decentralized technologies to promote economic innovation, although details of these consultations have not been made public. Additionally, Kyrgyzstan signed a memorandum with CZ earlier this month to strengthen its blockchain and cryptographic framework. The transaction focuses on infrastructure, education and governance.