The post Binance Founder Proposes BNB And Bitcoin For Kyrgyzstan’s Strategic Crypto Reserve appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Changpeng Zhao (CZ), the co-founder and former CEO of crypto exchange Binance, has taken on a pivotal advisory role in shaping crypto regulations and strategic reserves for various countries. This initiative has gained momentum, especially in the United States under President Donald Trump, and now extends to Central Asia. Binance’s CZ Signs MoU In Kyrgyzstan On Monday, Zhao shared a photo on social media platform X (formerly Twitter) showcasing his visit to Kyrgyzstan, a nation that has significantly ramped up its engagement with digital assets in recent months.  CZ’s visit coincided with the signing of a Memorandum of Understanding (MoU) between the two parties, aimed at fostering collaboration in the digital assets sector. The MoU was formalized during the inaugural session of the Council for the Development of Digital Assets, an event attended by Kyrgyz President Sadyr Japarov.  This partnership is reportedly set to introduce Binance Pay in Kyrgyzstan, which will facilitate crypto-based payment solutions, thereby enhancing cross-border payment systems across Central Asia and the Eurasian Economic Union (EAEU). Key components of the collaboration include educational initiatives led by Binance Academy, which will assist the National Agency in designing programs aimed at improving the digital asset knowledge of government officials and financial institutions.  However, CZ also revealed on social media that he will advise the country to adopt both Bitcoin (BTC) and the exchange’s native token, Binance Coin (BNB), for a national crypto reserve for the Asian country. Blockchain For ‘Sustainable Economic Opportunities’ Farhat Iminov, head of the National Agency for Investments, expressed enthusiasm about this strategic partnership, emphasizing its potential to transform the crypto-assets landscape in Kyrgyzstan.  “Together, we aim to create a robust framework that supports the development of crypto-assets, enhances financial literacy, and opens…

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Filed under: News - @ May 6, 2025 8:26 am