RegulatoryDB

For Educational/Learning Purposes I am attempting to change some
information in this database... Is it possible to change data within this binary file?

You can make changes to db.txt and then build a new binary database from that. Have a look at
https://wireless.wiki.kernel.org/en/developers/regulatory/wireless-regdb
for more information, and let me know if you have questions which aren't answered there.

Seth