Ex-Binance CEO CZ to Counsel Kyrgyz Republic on Digital currency and Distributed ledger Governance

Changpeng “CZ” Zhao, the ex-CEO of Binance, has entered into a memorandum of understanding (MoU) with the Kyrgyz Republic to offer advisory services on cryptocurrency regulations and blockchain technology.

This cryptocurrency agreement was revealed by the nation’s National Investment Agency (NIA), which is responsible for foreign investments and promotes international business growth in Kyrgyzstan.

On April 3, CZ made a post on X confirming this partnership and mentioned that he advises a number of governments both formally and informally on creating crypto regulatory frameworks and utilizing blockchain to enhance government operations.

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Engaging in Distributed database Policy is ‘Highly Significant’

The former Binance CEO described this initiative as “highly significant” and highlighted the expansive potential of blockchain beyond just trading.

Kyrgyzstan’s President Sadyr Zhaparov also shared the announcement of this strategic alliance on social media, describing it as a crucial stride towards modernizing the nation’s technological framework.

He noted that the strategic alliance would facilitate the introduction of blockchain solutions, improve virtual asset management, bolster cybersecurity, and provide training for specialists in pertinent sectors. “Such initiatives are vital for the sustainable advancement of the economy and the protection of virtual assets,” Zhaparov remarked.

Kyrgyzstan
One step at a time for crypto adoption across nations.
Also brought a Head of State to X. https://t.co/jYYOdiJI4z

— CZ BNB (@cz_binance) April 3, 2025

The Kyrgyz Republic, previously known as the Republic of Kyrgyzstan, is a landlocked mountainous nation in Central Asia. It is considered an appealing site for mining due to its plentiful and underexploited renewable energy resources.

Hydropower constitutes over 30% of the nation’s total energy output, although, according to the International Energy Agency, only a minor portion of its capabilities has been harnessed.

This marks not the first occasion CZ has partnered with governments. Earlier this year, he conferred with Malaysia’s Prime Minister Anwar Ibrahim to advise on crypto issues and has also collaborated with officials in the UAE and Bhutan, although details regarding those discussions remain undisclosed.

After completing a four-month incarceration in the U.S. for anti-money laundering infractions, CZ has actively invested in sectors such as blockchain, artificial intelligence, and biotechnology.

Most recently, he contributed 1,000 BNB (valued at nearly $600,000) to assist in earthquake relief efforts in Thailand and Myanmar.

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CZ’s Meme Crypto token Contribution Triggers Unforeseen Surge of Crypto Generosity

Last month, CZ committed 150 BNB (approximately $100,000) to support those harmed by the collapse of the LIBRA meme crypto token, which was endorsed by Argentina’s President Javier Milei.

This donation came after a college student organized a campaign that raised $50,000 to aid over 40,000 impacted investors.

Once CZ made his donation crypto wallet public, the crypto community contributed more funds than he initially promised. Nonetheless, Zhao indicated he would not retain the extra funds and intends to redistribute it to other victims of meme token scams, including those affected by TST and Broccoli.

He clarified that his action does not signify base level for meme coins. Concurrently, President Milei is facing legal scrutiny in Argentina regarding his suspected role in promoting LIBRA and the related fraud scandal.

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