Binance co-founder Changpeng “CZ” Zhao recently suggested Bitcoin and BNB as the first digital assets for Kyrgyzstan’s national crypto reserves. Zhao shared his advice on X, recommending Bitcoin (BTC) and BNB when establishing the country’s crypto reserve. According to Forbes in 2024, Zhao holds around 94 million BNB tokens, which accounts for 64% of BNB’s circulating supply valued at approximately $55 billion. This proposal came after Zhao disclosed his involvement in advising Kyrgyzstan’s National Investment Agency on blockchain and crypto-related matters. Binance subsequently partnered with Kyrgyzstan to launch a crypto payments service by signing an MOU with the NIA to introduce Binance Pay for crypto transactions and enhance crypto education with Binance Academy’s programs. Kyrgyzstan has been progressing towards becoming more digital asset-friendly, with President Sadyr Zhaparov signing a law authorizing a central bank digital currency pilot project and recognizing the national currency’s digital form as legal tender. The country is also reportedly planning to launch a gold-backed stablecoin called the Gold Dollar (USDKG) pegged to the US dollar and backed by $500 million in gold from the Ministry of Finance. However, there has been no response from the Ministry of Finance to confirm these reports. This move aligns with the country’s efforts to embrace digital assets.