Binance founder and former CEO Changpeng Zhao (CZ) disclosed on May 5 via social media platform X that he is actively collaborating with the government of Kyrgyzstan to shape the country’s crypto strategy. Zhao stated:
Among other things, also gave my advice to make BNB and BTC as the two starting crypto for the national crypto reserve.
His statement follows a two-day summit with Kyrgyz President Sadyr Japarov, during which digital asset policy and blockchain innovation were key points of engagement.
The meeting was part of a broader initiative launched earlier, which Zhao announced on May 4, highlighting Binance’s new partnership with Kyrgyzstan to promote blockchain education and crypto payments. That same day, he wrote on X: “Honored to be invited by Mr. President Sadyr Japarov of Kyrgyzstan to join the National Crypto Council. Also learned so much about the unique cultures of Kyrgyzstan. Truly amazing place. Let’s grow the industry together.”
The Kyrgyz president echoed Zhao’s enthusiasm in an X post: “During two eventful days on the shores of the azure lake Issyk-Kul, we had the opportunity to discuss the prospects for the development of digital assets in our country with one of the most influential figures in the crypto industry — the founder of the world’s largest cryptocurrency exchange, Binance, Changpeng Zhao. We presented Kyrgyzstan’s potential in developing a digital economy and demonstrated the richness of our culture and the uniqueness of our national identity through a specially prepared cultural program.”
Zhao’s involvement in Kyrgyzstan is part of a wider global advisory effort, which he addressed in late April. “We are advising many countries (except in Europe) on how to set up a crypto reserve like in the U.S. Europe isn’t part of the discussion, it’s missing on the map,” Zhao explained, underlining a strategic emphasis on emerging and developing markets. While some regulators continue to express concern about crypto volatility and risks, others have welcomed Zhao’s counsel in navigating this evolving financial terrain. Supporters of decentralized finance argue that such collaborations can help smaller nations leapfrog into digital competitiveness and economic modernization.
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