REGULATION | Governments in Africa Have Sought My Advice on Crypto Regulation, Digital Asset Policy, Says Founder, Binance

Changpeng Zhao, the founder of crypto exchange Binance, has said several governments across the United Arab Emirates, Pakistan, Thailand and parts of Africa have approached him for advice on cryptocurrency regulation and digital asset policy, underscoring the growing role of industry executives in shaping global crypto frameworks.

Zhao, widely known as CZ, said policymakers in multiple jurisdictions were seeking guidance as they develop strategies around blockchain technology, crypto adoption, and digital finance.

Governments worldwide have intensified efforts to regulate digital assets as cryptocurrencies have evolved from niche technology projects into a major financial sector handling billions of dollars in daily trading volume.

The outreach to Zhao reflects how policymakers are increasingly consulting crypto industry figures while attempting to balance innovation, investor protection, and financial oversight.

The United Arab Emirates has emerged as one of the world’s most active crypto hubs with Dubai and Abu Dhabi introducing regulatory frameworks aimed at attracting blockchain firms, fintech companies, and digital asset investment.

Pakistan has also explored potential frameworks for cryptocurrencies and blockchain infrastructure as policymakers weigh issues including

• financial inclusion,
• consumer protection and
• monetary oversight.

Thailand, one of Southeast Asia’s more active digital asset markets, has introduced regulations for crypto exchanges and trading platforms while attempting to encourage technological innovation alongside investor safeguards.

Across Africa, cryptocurrency usage has grown rapidly in recent years, particularly in markets where digital assets are seen as tools for cross-border payments, remittances and alternatives to unstable local currencies or limited banking infrastructure.

Zhao, who built Binance into the world’s largest cryptocurrency exchange by trading volume, remains one of the industry’s most influential figures despite increased regulatory scrutiny in several jurisdictions in recent years.

Governments globally are racing to establish clearer rules for digital assets as they compete to attract blockchain investment, fintech startups and financial innovation.

Regulators continue to face challenges balancing technological growth with concerns over fraud, money laundering, cybersecurity risks and market volatility.

Beyond cryptocurrencies, many governments are also exploring broader blockchain applications tied to payments systems, tokenization, digital identity and financial infrastructure modernization.

Binance has played a central role in global crypto adoption due to its scale and international reach, though the company has also become one of the industry’s most heavily scrutinized firms by regulators worldwide.

Zhao’s comments suggest collaboration between governments and crypto industry leaders may continue to deepen as countries shape future regulatory frameworks for digital assets and blockchain technology.

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