#squarecreator - Binance expands collaborations with governments.

$BNB - Binance's new partnership with the government of Kyrgyzstan comes as the exchange has recently expanded its collaborations with governments worldwide, aiming to strengthen its global presence and influence in the cryptocurrency sector.

In an interview on April 17, Richard Teng, the CEO of the exchange, stated that it has advised numerous governments on establishing strategic reserves of Bitcoin and formulating regulations on crypto assets.

"In fact, we have received quite a few proposals from some governments and sovereign funds to establish their own cryptocurrency reserves," Teng said.

On April 7, former Binance CEO Changpeng "CZ" Zhao was appointed as an advisor to Pakistan's Cryptocurrency Council, a newly established regulatory body responsible for overseeing the country's adoption of blockchain technology and digital assets.