Binance Founder Recommends Kyrgyzstan Use Bitcoin and BNB as National Reserve Assets
Changpeng Zhao (CZ), founder of Binance, has officially proposed that Kyrgyzstan adopt Bitcoin (BTC) and Binance Coin (BNB) as the basis for its National Cryptocurrency Reserve. The proposal was made by CZ after he was appointed to the National Cryptocurrency Committee by Kyrgyzstan President Sadyr Japarov, marking a strong step forward for the Central Asian country in its strategy to integrate blockchain technology into the economy.
CZ Becomes Cryptocurrency Strategy Advisor to Kyrgyzstan
According to information shared on social media platforms, CZ paid an official visit to Kyrgyzstan at the invitation of President Japarov. During the visit, he and senior Kyrgyz officials held two days of meetings by the Issyk-Kul Lake to discuss the potential for blockchain technology in key economic sectors.
CZ is currently directly advising the Kyrgyz National Investment Agency, as part of its initiative to build a sustainable digital platform based on digital assets.
Binance and Kyrgyzstan Strategic Partnership
Previously, on May 4, Binance signed a Memorandum of Understanding (MoU) with the Kyrgyz National Investment Agency to launch a series of crypto initiatives across the country. One of the highlights was the launch of Binance Pay, making it easier for citizens and tourists to make crypto transactions.
According to Kyrylo Khomiakov, Head of Central and Eastern Europe at Binance, the partnership represents “a shared vision between Binance and the Kyrgyz government to leverage blockchain to expand financial inclusion, promote freedom of money, and create sustainable economic opportunities for its citizens.”
In addition to infrastructure solutions, Binance also announced that it will bring Binance Academy to work with government agencies to develop blockchain skills training programs for public officials and citizens.
Gold Stablecoin USDKG to Launch in Q3/2025
In parallel with its plans to reserve Bitcoin and BNB, Kyrgyzstan is preparing to issue a new stablecoin called the “Golden Dollar” (USDKG) backed by $500 million worth of gold from the Ministry of Finance. This stablecoin will maintain a 1:1 peg to the USD, while gold will serve as collateral to ensure stability and liquidity.
USDKG will be over-collateralized to mitigate risks from gold price fluctuations, and is expected to become an effective remittance tool, especially important for Kyrgyzstan, where remittances account for 30% of the country's GDP.
Part of a global wave of crypto reserves
Kyrgyzstan is not the only country looking to hoard digital assets as part of its national strategic reserves. Earlier this year, Bhutan announced plans to hoard BTC, ETH and BNB in its Gelephu Mindfulness City meditation city project. In the United States, President Donald Trump signed an executive order establishing a National Strategic Bitcoin Reserve, aiming to make the US the leading holder of Bitcoin.
Fidelity Digital Assets also predicts that this trend will accelerate in 2025, as countries face rising inflation, currency devaluation and persistent budget deficits.
In Russia, Poland, and Brazil, lawmakers are proposing adding Bitcoin to their national balance sheets. Several Gulf Cooperation Council (GCC) countries are also said to be quietly exploring similar strategies.
Kyrgyzstan’s Strategic Impact and Advantages
Unlike earlier countries like El Salvador – which launched a controversial Bitcoin experiment – Kyrgyzstan is taking a strategic approach, through expert advice, supporting infrastructure, and institutional trust building. The country aims to integrate blockchain into its economic and financial ecosystem in a comprehensive manner.
Additionally, Kyrgyzstan has a huge energy advantage: more than 30% of its electricity comes from hydropower, but only about 10% of its current potential is being exploited. This opens up opportunities for the country to develop a green cryptocurrency mining infrastructure, reducing costs and increasing efficiency.
Conclusion: Kyrgyzstan – A New Model for a National Digital Currency Strategy
Kyrgyzstan’s entry into the crypto reserve movement marks a major shift in how countries view digital assets. With the backing of big names like Binance, a strategy based on Bitcoin, BNB, and the USDKG gold stablecoin could help the country not only increase its financial security, but also become a hub for blockchain innovation in Central Asia.