CZ Deletes Post Denying Role in Kyrgyzstan’s New Crypto Bank

Binance founder Changpeng Zhao has deleted an X post in which he denied involvement in Kyrgyzstan’s newly approved Bereket Bank a digital asset-focused commercial institution designed to attract foreign ￰1￱ deletion follows Kyrgyzstan’s President Sadyr Japarov’s public statement in a local media interview that Zhao proposed creating a private crypto bank during a meeting in May ￰2￱ National Bank of Kyrgyzstan approved Bereket Bank to advance the country’s crypto strategy with reports indicating that President Japarov’s son Nurdoolot

serves as a founder alongside former Parliament Speaker Marat ￰3￱ stressed the bank operates as a private business with no state ownership or family control despite the family ￰4￱ Sadyr Japarov. |) November 2 2025 President Japarov’s interview with Kabar news agency provided a detailed background stating that Zhao approached him in May with the idea of opening a digital bank ￰5￱ to Japarov

Zhao declined involvement in a state-owned bank but agreed to proceed with a private institution focused on virtual ￰6￱ defended his son’s participation by explaining that both Nurdoolot and his brother Rustam hold degrees in economics and finance and focus on attracting foreign investors rather than pursuing political roles. “ Isn’t it better for them to be busy with their personal affairs rather than getting involved in government affairs? ” Japarov said in the ￰7￱ added that Zhao’s presence in Kyrgyzstan is a sign of international confidence in the country’s efforts to combat corruption and its commitment to ￰8￱ Ties Between Zhao and Kyrgyzstan Despite his denial

Zhao has maintained extensive collaboration with Kyrgyzstan’s government throughout 2024 and into ￰9￱ April the National Investment Agency under Japarov’s office signed a memorandum of understanding with Zhao to develop the country’s cryptocurrency and blockchain ecosystem including infrastructural support technical consulting

and educational ￰10￱ partnership was formalized during discussions aimed at positioning Kyrgyzstan as a forward-looking hub in digital ￰11￱ October Zhao announced multiple milestones during the National Council for the Development of Virtual Assets and Blockchain Technologies ￰12￱ initiatives included launching a national stablecoin on BNB Chain preparing a central bank digital currency for rollout establishing a national crypto reserve that includes BNB

partnering with Binance Academy to support ten Kyrgyz universities and fully localizing the Binance app in ￰13￱ has launched a new stablecoin pegged 1:1 to the national currency marking its latest step toward broader crypto adoption. #Stablecoin #Kyrgyzstan ￰0￱ — ￰14￱ (@cryptonews) October 26 2025 Zhao also facilitated partnerships between Kyrgyzstan and other blockchain firms

including EthSign providing what he described as real strategic value beyond capital ￰15￱ in May 2025 Zhao also participated in meetings at Issyk-Kul Lake where officials discussed implementing Binance Pay for nationwide crypto payments and expanding blockchain education programs. “ Honored to be invited by ￰16￱ Sadyr Japarov of Kyrgyzstan to join the National Crypto Council

” Zhao wrote at the ￰17￱ has served as a strategic adviser to the country’s crypto committee since April 2024 guiding the development of regulatory frameworks and blockchain solutions that extend beyond trading ￰18￱ Crypto Ambitions Expand In March Kazakhstan’s parliament member Azat Peruashev urged his government to establish a national crypto bank citing concerns that up to 90% of crypto trading occurs outside official ￰19￱ argued that a state-controlled institution could curb tax evasion

fraud and capital flight linked to unregulated ￰20￱ Mäjilis the lower house of the Kazakh parliament. |