Binance founder Changpeng Zhao advised the country's government to use #bitcoin and Binance Coin (BNB) as initial assets to form a national cryptocurrency reserve.
The statement, made in a May 5, 2025 post on Platform X, was part of his efforts to support the development of blockchain infrastructure in #Kyrgyzstan. The proposal comes amid a growing partnership between Binance and the republic's government to develop the digital economy.
Not my car, but ❤️ the plate. Kyrgyzstan🇰🇬🙏
— CZ 🔶 BNB (@cz_binance) May 5, 2025
Among other things, also gave my advice to make #BNB and #BTC as the two starting crypto for the National Crypto Reserve. https://t.co/ZhbGs2pWQupic.twitter.com/ZewpPqZdQc
Kyrgyzstan has been actively promoting cryptocurrency initiatives, including plans to launch a digital som and the use of hydropower for mining. In April 2025, the country signed a memorandum of understanding with #Binance, and President Sadyr Zhaparov stressed the importance of cooperation with Zhao to modernize the financial sector. Zhao's recommendation to use BTC and BNB reflects his vision of a diversified approach to cryptoassets, with bitcoin acting as a stable reserve currency and BNB as a key asset of the Binance ecosystem. However, there is still no official confirmation from the government about the establishment of the crypto reserve.
Zhao's proposal has sparked discussions in the crypto community, especially because of his significant personal investment in #BNB, which makes up 98.6% of his portfolio. Some X users ironically refer to him as an “unbiased advisor,” hinting at a possible conflict of interest. Nevertheless, Zhao's involvement in Kyrgyz cryptopolitics underscores the country's ambitions to become a regional leader in blockchain technology.
