CZ Advises Kyrgyzstan on BTC/BNB for National Crypto Reserve
The post CZ Advises Kyrgyzstan on BTC/BNB for National Crypto Reserve appeared on BitcoinEthereumNews.com. The suggestion followed his appointment to the country’s National Crypto Committee by President Sadyr Japarov Binance has partnered with Kyrgyzstan to launch Binance Pay, facilitating nationwide crypto payments Kyrgyzstan is preparing to launch USDKG, a stablecoin pegged to gold and indexed to the US dollar Today, Changpeng Zhao (CZ), former CEO of Binance, shared on X that he advised Kyrgyzstan to include Bitcoin and Binance Coin (BNB) as foundational assets for a proposed National Crypto Reserve. This happened after his appointment to the country’s National Crypto Committee by President Sadyr Japarov, where the committee’s goal is to develop a comprehensive strategy for digital asset adoption and regulation. CZ was also photographed near a car with a Kyrgyzstan license plate “888 BNB,” reflecting his association with Binance Coin. This sparked some speculations in the community, but he clarified that the car isn’t his. In other relevant news, Binance has partnered with Kyrgyzstan to launch Binance Pay, facilitating nationwide crypto payments. The collaboration also includes blockchain education programs through Binance Academy, targeting government officials, financial institutions, and the general public. Should Kyrgyzstan adopt CZ’s recommendations for its reserve, it would join a small but growing list of nations actively integrating cryptocurrencies into their national financial frameworks. Kyrgyzstan’s Broad Crypto Push This is just one of the several crypto moves the country has made lately. Last month, Kyrgyzstan’s president signed a law authorizing a pilot project for a Central Bank Digital Currency (CBDC). The digital som (national currency in digital form) will be issued and managed centrally by the National Bank of Kyrgyzstan, with plans for a full rollout by 2027. Also, the country is preparing to launch USDKG, a stablecoin pegged to gold and indexed to the US dollar. Initially backed by $500 million in gold, the reserves are expected to grow…
The post CZ Advises Kyrgyzstan on BTC/BNB for National Crypto Reserve appeared on BitcoinEthereumNews.com.
The suggestion followed his appointment to the country’s National Crypto Committee by President Sadyr Japarov Binance has partnered with Kyrgyzstan to launch Binance Pay, facilitating nationwide crypto payments Kyrgyzstan is preparing to launch USDKG, a stablecoin pegged to gold and indexed to the US dollar Today, Changpeng Zhao (CZ), former CEO of Binance, shared on X that he advised Kyrgyzstan to include Bitcoin and Binance Coin (BNB) as foundational assets for a proposed National Crypto Reserve. This happened after his appointment to the country’s National Crypto Committee by President Sadyr Japarov, where the committee’s goal is to develop a comprehensive strategy for digital asset adoption and regulation. CZ was also photographed near a car with a Kyrgyzstan license plate “888 BNB,” reflecting his association with Binance Coin. This sparked some speculations in the community, but he clarified that the car isn’t his. In other relevant news, Binance has partnered with Kyrgyzstan to launch Binance Pay, facilitating nationwide crypto payments. The collaboration also includes blockchain education programs through Binance Academy, targeting government officials, financial institutions, and the general public. Should Kyrgyzstan adopt CZ’s recommendations for its reserve, it would join a small but growing list of nations actively integrating cryptocurrencies into their national financial frameworks. Kyrgyzstan’s Broad Crypto Push This is just one of the several crypto moves the country has made lately. Last month, Kyrgyzstan’s president signed a law authorizing a pilot project for a Central Bank Digital Currency (CBDC). The digital som (national currency in digital form) will be issued and managed centrally by the National Bank of Kyrgyzstan, with plans for a full rollout by 2027. Also, the country is preparing to launch USDKG, a stablecoin pegged to gold and indexed to the US dollar. Initially backed by $500 million in gold, the reserves are expected to grow…
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