BTC and BNB could soon become the national reserve currency of Kyrgyzstan as the Binance founder collaborates with the country's president to promote blockchain adoption and digital asset policy.
CZ pushes BTC and BNB into the national reserve goal of Kyrgyzstan
Binance founder and former CEO Changpeng Zhao (CZ) revealed on May 5 via the social media platform X that he is actively collaborating with the Kyrgyz government to shape the country's cryptocurrency strategy. Zhao stated:
Among other things, I also advised that BNB and BTC should be the two cryptocurrencies to start the national cryptocurrency reserve fund.
His statement came after a two-day summit with President of Kyrgyzstan Sadyr Japarov, during which digital asset policy and blockchain innovation were key points in the agreement.
The meeting is part of a broader initiative announced earlier, which Zhao revealed on May 4, highlighting Binance's new partnership with Kyrgyzstan to promote blockchain education and cryptocurrency payments.
On the same day, he wrote on X: “It is a great honor to be invited by President Sadyr Japarov of Kyrgyzstan to participate in the National Cryptocurrency Council. I have also learned a lot about the unique culture of Kyrgyzstan. A truly wonderful place. Let’s grow this industry together.”
The President of Kyrgyzstan reiterated Zhao's enthusiasm in a post on X: “During two eventful days on the shores of the azure Issyk-Kul Lake, we had the opportunity to discuss the prospects for developing digital assets in our country with one of the most influential figures in the cryptocurrency industry — the founder of the world’s largest cryptocurrency exchange, Binance, Changpeng Zhao. We presented the potential of Kyrgyzstan in developing a digital economy and showcasing the richness of our unique culture and national identity through a specially prepared cultural program.”
Zhao's involvement in Kyrgyzstan is part of a larger global consulting effort that he mentioned in late April. “We are advising many countries (excluding Europe) on how to establish a cryptocurrency reserve fund similar to that in the United States, Europe is not part of the discussion, it is missing from the map,” Zhao explained, emphasizing the strategic focus on emerging and developing markets.
While some regulators continue to express concerns about the volatility and risks of cryptocurrencies, others have welcomed Zhao's advice in navigating this evolving financial landscape. Proponents of decentralized finance argue that such collaborations could help smaller nations gain a competitive edge in the digital space and modernize their economies.