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

Kyrgyzstan signed a memorandum of understanding with Binance to launch Binance Pay in the country.

Binance co-founder Changpeng “CZ” Zhao has proposed Bitcoin and BNB as the first digital assets to build Kyrgyzstan’s national crypto reserves.

On May 5, Zhao shared on X that he had advised Kyrgyzstan to start with Bitcoin (BTC) and BNB (BNB) when building its national crypto reserve. In 2024, Forbes claimed that Zhao holds about 94 million BNB tokens, or 64% of BNB’s circulating supply. At the time of writing, these tokens are worth about $55 billion. 

The proposal followed Zhao’s earlier announcement that he had begun advising Kyrgyzstan’s National Investment Agency (NIA) on blockchain and crypto-related matters.

Read more