Recently, Binance has taken on a more proactive role by advising several governments on developing digital asset regulations and creating national Bitcoin reserves. This shift comes after the company’s 2023 guilty plea in the U.S. for money laundering and sanctions violations, which led to the resignation and brief imprisonment of co-founder Changpeng Zhao. Now under the leadership of CEO Richard Teng, Binance is prioritizing regulatory compliance, with approximately 1,500 employees dedicated to this effort and oversight from a five-year U.S. monitoring agreement.