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.

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

On April 3, Zhao confirmed he’s been officially and unofficially advising governments on crypto frameworks and blockchain solutions. The former Binance CEO said that he finds the work extremely meaningful.