Binance co-founder Changpeng “CZ” Zhao suggested Bitcoin and BNB as the first digital assets forming Kyrgyzstan’s crypto reserves.
On May 5, Zhao shared In X that he advised Kyrgyzstan to start with Bitcoin (Btc) and bnb (Bnb) when the national crypto reserve is built. In 2024, Forbes claimed Zhao holds nearly 94 million BNB tokensAbout 64% of the transfer supply -transfer of BNB. At the time of writing, these tokens cost about $ 55 billion.
The proposal follows Zhao’s previous announcement that he has begun Kyrgyzstan’s national investment agency is advised) to objects related to blockchain and crypto.
On April 3, Zhao confirmed that he was officially and did not officially advise governments on crypto solutions and blockchain solutions. The former CEO of Binance said he found the work that was extremely significant.
Binance to launch crypto payments in Kyrgyzstan
A month after the CZ expressed his role in counseling in Kyrgyzstan, Binance announced a cooperation with the country to launch a crypto payment service.
On May 4, Binance signed a Memorandum of Understanding (MOU) with NIA to introduce Binance Pay to the country, enabling crypto transactions. The cooperation also aims to boost crypto education in the country, along with the Binance Academy that is set to work with government agencies to develop blockchain-focused educational programs.
Binance also said the exchange advises many governments and is subject to a crypto -related policy. On April 17, Binance CEO Richard Teng said in a Financial Times interview that the exchange has been Advice countries in Crypto reserves.
Kyrgyzstan makes motions to become a digital jurisdiction of asset-friendly. On April 17, Kyrgyzstan president Sadyr Zhaparov signed a law Allowing a digital digital bank pilot project while providing the digital form of digital currency of national currency.
Related: Pakistan appointed Changpeng Zhao as Crypto counselor while adoption eats
Kyrgyzstan reports that a gold -supported gold plan
The country has also been reported Plans To launch a gold -supported stablecoin. Gold-supported gold can be peged into the United States dollar and called the Gold Dollar (USDKG). It will support $ 500 million in gold provided by the country’s Ministry of Finance.
Cointelegraph reached the country’s Ministry of Finance to confirm reports but did not get a response before publishing.
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