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CZ denies he’s behind a proposal for a crypto private bank in Kyrgyzstan

Cointelegraph•Monday, November 3, 2025 at 6:07:25 AM
NegativeCryptocurrency
CZ denies he’s behind a proposal for a crypto private bank in Kyrgyzstan
Kyrgyzstan's President Sadyr Japarov has made headlines by alleging that Changpeng 'CZ' Zhao, the CEO of Binance, is behind a proposal to create a private bank focused on cryptocurrency in the country. This claim has sparked controversy and raised questions about the influence of major crypto figures in national banking systems. The matter is significant as it highlights the ongoing tension between traditional banking and the emerging cryptocurrency sector, especially in regions like Kyrgyzstan where financial infrastructure is still developing.
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