- Kyrgyzstan is exploring a National Crypto Reserve, with CZ recommending Bitcoin and Binance Coin as strategic assets.
- Binance partnered with Kyrgyzstan for crypto payments and education, supporting broader national digital adoption goals.
- The country is advancing a CBDC and gold-backed stablecoin, aiming for broader integration of digital financial tools.
Changpeng Zhao, former CEO of Binance, announced today that he has proposed the inclusion of Bitcoin and Binance Coin in Kyrgyzstan’s planned National Crypto Reserve. This development follows his appointment to the National Crypto Committee by President Sadyr Japarov. The committee is tasked with guiding the country’s digital asset policies and regulatory framework.
Zhao shared the update through a social media post, highlighting his recommendations for foundational crypto assets in the reserve. He was recently seen next to a Kyrgyz vehicle displaying the plate “888 BNB,” which led to speculation but was later clarified as unrelated to him.
Binance Partners with Kyrgyzstan on Payments
In parallel, Binance has launched Binance Pay in the country, allowing residents to access nationwide crypto payments. The initiative is part of a broader collaboration between the exchange and the Kyrgyz government. It also includes blockchain education programs delivered by Binance Academy, aimed at officials, institutions, and the general public.
The crypto reserve concept is part of Kyrgyzstan’s larger digital finance strategy. In April, President Japarov signed legislation approving a pilot program for a Central Bank Digital Currency. The digital som is set to be issued and managed by the National Bank of Kyrgyzstan, with a full-scale launch expected by 2027.
Gold-Backed Stablecoin Project in Development
Additionally, Kyrgyz authorities are preparing to launch USDKG, a stablecoin pegged to gold and indexed to the U.S. dollar. Initially backed by $500 million in gold reserves, the project targets an expansion to $2 billion over time.
Kyrgyzstan’s efforts follow a broader global pattern. Bhutan recently announced plans to hold Bitcoin, Ethereum, and BNB in its national reserves. In March, the United States formalized its crypto strategy with a Strategic Bitcoin Reserve and a Digital Asset Stockpile through an executive order.
