CZ deleted his tweet denying involvement after Kyrgyzstan credited him for inspiring Bereket Bank. | Credit: Getty Images. Key Takeaways Kyrgyzstan launches Bereket Bank, its first private bank dedicated to digital assets. President Sadyr Japarov credited Binance founder CZ for inspiring the idea, but he denies involvement. CZ continues to advise Kyrgyzstan on digital asset policies and stablecoin development. Kyrgyzstan has officially launched Bereket Bank, the country’s first private financial i ...

Core Insights - Kyrgyzstan has launched a new stablecoin, KGST, pegged 1:1 to the national currency, the som, as part of its strategy for broader crypto adoption [1][7] - The government plans to pilot a central bank digital currency (CBDC) and establish a national crypto reserve [1][7] Group 1: Stablecoin Launch - The stablecoin KGST operates on the BNB Chain, with BNB likely to be included in the future national crypto reserve [2] - The crypto committee in Kyrgyzstan is responsible for ensuring KGST's listing on international exchanges and proposing a national crypto reserve within two months [3] Group 2: CBDC Pilot - The National Bank of the Kyrgyz Republic will conduct a three-phase pilot of the digital som, starting with interbank transfers and progressing to government and social payments [4][5] - The final phase will test offline and low-connectivity transactions before a national rollout, with a decision on the CBDC issuance expected by 2026 [5] Group 3: Education and Innovation - President Japarov has directed the Ministry of Science and Higher Education to develop digital financial literacy programs and train specialists in blockchain and AI [6]