New Proposal Unveiled by Binance's CZ: Innovative Usage of BNB and BTC
CZ's Bold Proposal for Kyrgyzstan's Crypto Reserve: BNB and BTC
Changpeng Zhao, the legendary figure in the crypto world, has dropped a bombshell with his latest proposal.
CZ's Game-Changing Suggestion for Kyrgyzstan
In a daring move, CZ, the co-founder of Binance, suggested that Kyrgyzstan make Binance Coin (BNB) and Bitcoin the base for its Strategic Cryptocurrency Reserve. This suggestion followed his visit to the country, where he accepted an invitation to join the National Crypto Committee [1].
The Gold Standard vs. the Digital Gold: CZ's Take
Over the weekend, the Bitcoin advocate took to social media to share his thoughts on gold as an asset compared to Bitcoin [2]. Indirectly, his comments seem to favor Bitcoin, highlighting the scarcity of Bitcoin compared to gold's unlimited supply.
As of now, BNB is trading at $593, and Bitcoin is hovering around $94,000 [2].
Moving Forward: Collaboration and Education
With the signing of an MoU between Binance and Kyrgyzstan, the country is preparing to launch internal crypto payments. Additionally, Binance Academy will be implementing educational programs about blockchain and crypto within the country [1].
The MoU was signed on April 3, and CZ officially accepted the invitation to join the crypto committee on Sunday.
Sources:
[1] https://utoday.news/en/cryptocurrency/cz-proposes-bnb-and-btc-as-basis-for-kyryzstans-crypto-reserve[2] https://utoday.news/en/cryptocurrency/yuri-molchan-cz-shares-his-view-on-gold-vs-bitcoin[3] https://coinmarketcap.com/currencies/bitcoin/[4] https://coinmarketcap.com/currencies/binance-coin/[5] https://www.president.kg/ru/press-center/president-representation-on-the-membership-in-kyrgyz-national-crypto-committee/
- CZ, the Binance co-founder, proposed that Kyrgyzstan's Strategic Cryptocurrency Reserve be based on Binance Coin (BNB) and Bitcoin, following his visit and acceptance to join Kyrgyzstan's National Crypto Committee.
- Notably, CZ indirectly favored Bitcoin over gold, emphasizing its scarcity compared to gold's unlimited supply, in a post comparing the two assets on social media.
- As of the latest update, BNB is trading at $593, while Bitcoin hovers around $94,000.
- In collaboration with Kyrgyzstan, Binance and Binance Academy are preparing to launch internal crypto payments and educational programs about blockchain and crypto within the country.
- A Memorandum of Understanding (MoU) between Binance and Kyrgyzstan was signed on April 3, and CZ officially accepted the invitation to join the crypto committee on Sunday.
