Binance co-founder CZ proposes Bitcoin, BNB for Kyrgyzstan reserves

Quick Summary:

On April 17, Kyrgyzstan President Sadyr Zhaparov signed a law authorizing a central bank digital currency pilot project while giving the national currency's digital form a legal tender status. Related: Pakistan appoints Changpeng Zhao as crypto adviser as adoption heats upKyrgyzstan reportedly plans a gold-backed stablecoinThe country also reportedly plans to launch a gold-backed stablecoin.

The former Binance CEO said that he finds the work extremely meaningful. Source: Changpeng ZhaoBinance to launch crypto payments in KyrgyzstanA month after CZ announced his role in advising Kyrgyzstan, Binance announced a partnership with the country to launch a crypto payments service. On May 4, Binance signed a memorandum of understanding (MOU) with the NIA to introduce Binance Pay to the country, enabling crypto transactions.

The partnership also aims to boost crypto education in the country, with Binance Academy set to work with government agencies to develop blockchain-focused educational programs. Binance also said that the exchange had been advising multiple governments and jurisdictions on crypto-related policy.

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Article Details

Author / Journalist: Cointelegraph by Ezra Reguerra

Category: Crypto

Markets: United StatesKyrgyzstanPakistan

Topics: National Country Launch Signed Crypto Digital Binance Zhao Been Advising Kyrgyzstan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 13:31:32 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28400426

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