Changpeng Zhao (CZ), former CEO of Binance, recently shared on X that he has recommended Kyrgyzstan consider incorporating Bitcoin (BTC) and Binance Coin (BNB) as core assets for a proposed National Crypto Reserve. His guidance follows his appointment to the country’s National Crypto Committee by President Sadyr Japarov. The committee’s mandate is to develop a comprehensive strategy for digital asset adoption and regulation.
CZ was also photographed near a vehicle bearing a Kyrgyzstan license plate “888 BNB,” which sparked some speculation within the community. He clarified that the car does not belong to him.
In parallel, Binance has partnered with Kyrgyzstan to introduce Binance Pay, a platform enabling nationwide crypto payments. The collaboration also includes blockchain education initiatives through Binance Academy, aimed at government officials, financial institutions, and the general public.
If Kyrgyzstan adopts CZ’s recommendations, it would join a select group of nations actively integrating cryptocurrencies into their national financial frameworks.
Kyrgyzstan’s Expanding Crypto Initiatives
This initiative aligns with several recent crypto-focused developments in the country. Last month, President Japarov signed legislation authorizing a pilot project for a Central Bank Digital Currency (CBDC). The digital som, the country’s national currency in digital form, will be issued and managed by the National Bank of Kyrgyzstan, with a full rollout expected by 2027.
Additionally, Kyrgyzstan is preparing to launch USDKG, a stablecoin pegged to gold and indexed to the US dollar. The stablecoin will initially be backed by $500 million in gold, with plans to expand reserves to $2 billion.
A Broader Global Trend
CZ’s advisory role in Kyrgyzstan reflects a wider global movement toward national adoption of digital assets. Earlier this year, Bhutan’s Gelephu Mindfulness City announced plans to include $BTC , $ETH , and $BNB in its strategic reserves. Similarly, in March 2025, former US President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile, signaling a growing recognition of cryptocurrencies at the national level.
The trend of integrating digital assets into national financial systems could enhance institutional confidence and accelerate the broader adoption of cryptocurrencies, paving the way for their integration into traditional financial infrastructures.
