CZ denies he’s behind a proposal for a crypto private bank in Kyrgyzstan
Cointelegraph
Binance co-founder CZ denied proposing the establishment of a crypto-friendly private bank in Kyrgyzstan, contrary to claims by President Sadyr Japarov.Summary
Kyrgyzstan President Sadyr Japarov claimed that Binance co-founder Changpeng “CZ” Zhao proposed establishing a private bank dealing in cryptocurrency during a visit in May, leading to the creation of Bereket Bank after a state-owned option was rejected. However, CZ refuted these claims on X, stating he never proposed creating a bank and has no interest in running one, suggesting he might have only expressed a general wish for more digital banks supporting crypto. Despite denying involvement in the bank proposal, CZ confirmed in April that he is advising Kyrgyzstan on blockchain and crypto regulation and technology.
(Source：Cointelegraph)