Binance founder suggests BNB and Bitcoin for Kyrgyzstan’s strategic crypto reserves
Changpeng Zhao (CZ), co-founder and former CEO of Crypto Exchange Binance, played a key consultative role in shaping crypto regulations and strategic reserves across countries. The initiative has gained momentum, especially in the United States under President Donald Trump, now expanding to Central Asia.
Binance’s CZ logo Memorandum of Understanding in Kyrgyzstan
On Monday, Zhao shared a photo on social media platform X (formerly Twitter) showing his visit to Kyrgyzstan, a country that has greatly increased its Digital Assets In recent months.
CZ’s visit coincided with the signing of a memorandum of understanding (MOU) between the two parties, aiming to promote cooperation in the field of digital assets.
The Memorandum of Understanding was formalized at the inaugural session of the Digital Asset Development Commission during an event attended by President Sadyr Japarov of Kyrgyz State.
This partnership is It is said that The aim is to introduce Binance Pay in Kyrgyzstan, which will promote cryptocurrency-based payment solutions, thus enhancing the cross-border payment system of the Central and Eurasian Economic Union (EAEU).
Key components of the collaboration include an education program led by Binance Academy, which will assist national institutions in designing programs designed to improve the knowledge of digital assets in government officials and financial institutions.
But, too reveal On social media, he will recommend that the country adopt Bitcoin (BTC) and exchange’s indigenous token Binance Coin (BNB), to provide Asian countries with a national crypto reserve.
Blockchain “Sustainable Economic Opportunities”
Farhat Iminov, head of the state investment agency, expressed enthusiasm for this strategic partnership, highlighting its potential to change the Kyrgyzstan’s crypto asset landscape.
“Together, we create a strong framework to support the development of crypto assets, improve financial literacy, and open new avenues for cross-border payments that ultimately benefit our citizens and the wider region,” Iminov said.
Kyrylo Khomiakov, head of binary Central Asia and Africa, responded to these sentiments Blockchain Technologies to create sustainable economic opportunities and improve financial inclusion in Kyrgyzstan.
He added: “We look forward to working closely with partners at all levels of the Kyrgyz government to implement innovative solutions and educational programs to enhance individuals and institutions’ capacities.”
This strategic partnership follows Binance’s recent enhancement to its FIAT Onramp ecosystem, including the integration of Apple Pay and Google Pay through a partnership with WorldPay.
This development allows users to purchase seamlessly Cryptocurrency Use a linked credit or debit card to simplify the FIAT to Crypto transaction process.
At the time of writing, BNB traded at $599, up 2% over the 24-hour timeframe. That brought the coin to 24% of its all-time high selling price of $788, set during the last rally in December.
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