CZ Refutes Intentions to Create Private Crypto Bank in Kyrgyzstan

CZ Denies Bank Proposal: Binance founder Changpeng Zhao (CZ) refuted claims that he suggested establishing a private crypto bank in Kyrgyzstan, labeling the reports as false and emphasizing he has no interest in running a bank.

Origin of the Rumor: The speculation originated from Kyrgyz media reports linking President Sadyr Japarov's support for a new crypto-friendly bank, Bereket Bank, to CZ, but he clarified that he had no involvement or knowledge of the project.

Kyrgyzstan's Crypto Initiatives: The country has been working to modernize its financial sector and attract blockchain investments, including the idea of a national digital-asset framework, but CZ's denial indicates he was mistakenly associated with these plans.

CZ's Support for Crypto Banks: While CZ supports the idea of banks working with crypto, he reiterated his lack of interest in operating one, using humor to address the situation and highlight the rapid spread of unverified claims in the crypto news cycle.