Changpeng Zhao, the cofounder of Binance Exchange and its former CEO, often known as CZ among Crypto fans, was taken on the X platform (formerly known as Twitter) to share an important post.
CZ recommends BNB and BTC as the basis for Kyrgyzstan's Crypto reserve
The CZ has announced that during his recent visit to Kyrgyzstan, he suggested that the government produce the Binance Coin (BNB) and Bitcoin are the basis for the strategic cryptocurrency reserve.
Notably, a month ago, the CZ accepted the invitation of President Kyrgyz Sadyr Japarov to become a member of the country's national crypto committee.
Today, the CZ has helped to sign a collaboration between Kyrgyzstan and Binance to help the country launch internal cryptocurrency payments.
Many countries are now considering the launch of their own strategic crypto reserves, following the US example, with 200,000 Bitcoins for it.
Thanks to CZ's role as a mediator, Binance signed a memorandum of understanding Kyrgyzstan, and is now preparing not only to launch crypto payments but also educational programs about blockchain and crypto in the country. The latter will be achieved by the Binance Academy.
The memo was signed on April 3, according to CZ's previous X post. The CZ accepted the official invitation to join the Crypto Committee in Kyrgyzstan on Sunday.
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CZ shares his view of gold compared to Bitcoin
This weekend, the CZ, a well-known long-term supporter of Crypto, Bitcoin and BNB specifically, brought to social media to share his taking in gold as an property. As a crypto proponent, he does not seem to directly oppose Bitcoin in gold without name BTC but has named its main feature instead – deficiency.
On May 3, the CZ tweeted: “Not against gold, but this is not a limited supply owner.” This tweet has fiery Bitcoin fans with its followers, who began to attend BTC as a possession with a capped supply of 21 million.
When it comes to crypto handling, Zhao once tweeted that he only held Bitcoin and BNB, and for this reason he couldn't buy any BTC dips – he was 100% in crypto. BNB is currently changing hands at $ 593, and Bitcoin traded slightly above $ 94,000.
