CZ Deletes Kyrgyzstan Banking Denial Tweet - What’s Binance Really Hiding?

Binance's founder scrubs controversial tweet denying Kyrgyzstan bank involvement as regulatory scrutiny intensifies globally.

The Silence Speaks Volumes

Changpeng Zhao's sudden tweet deletion raises more questions than answers about Binance's banking relationships in Central Asia. The move comes amid increasing pressure from financial regulators worldwide demanding transparency from crypto exchanges.

Regulatory Chess Game

Global watchdogs tighten their grip on cryptocurrency operations, forcing industry giants to reconsider their public communications. The deleted tweet specifically addressed allegations about Binance's banking partnerships in Kyrgyzstan - allegations that now hang in the digital ether without official denial.

Banking relationships remain crypto's dirty little secret - everyone claims they have them, but nobody wants to show you the paperwork. Another day, another mysterious deletion in an industry where transparency is about as common as a balanced government budget.

TLDR

• Changpeng Zhao deleted his post denying involvement in Kyrgyzstan’s Bereket Bank after facing backlash from fact-checkers.
• President Sadyr Japarov credited Changpeng Zhao with inspiring the digital asset bank during the official launch announcement.
• Kyrgyz officials publicly thanked Changpeng Zhao for bringing the project idea to them in earlier statements.
• Changpeng Zhao maintains an advisory role with Kyrgyz authorities despite denying direct involvement with Bereket Bank.

Kyrgyzstan launched Bereket Bank as its first private digital asset financial institution on November 2. Changpeng Zhao deleted a post in which he denied involvement in the creation of the crypto bank after backlash emerged. The Binance founder faced criticism when fact-checkers linked him to the project despite his public denial.

Changpeng Zhao Rejects Connection to Bereket Bank

President Sadyr Japarov credited Changpeng Zhao with inspiring the digital asset bank during the official launch announcement. However, Changpeng Zhao quickly responded on X, stating he never proposed creating a private crypto bank. The former Binance CEO said that he had no interest in running a bank and was unfamiliar with the individuals behind Bereket Bank.

Thanks for the clarification CZ. We found this article that mentioned it, but we'll update the tweet: https://t.co/vuOeyZxrde

— Coin Bureau (@coinbureau) November 3, 2025

Kyrgyz officials publicly thanked Changpeng Zhao for bringing the project idea to them in earlier statements. Local media outlets reported that the concept originated from his advisory discussions with government representatives in early 2025. These reports directly contradicted the denial posted by Changpeng Zhao on social media.

Online fact-checkers then began linking Changpeng Zhao to the private digital asset bank project through documented evidence. The backlash prompted Changpeng Zhao to remove his denial post from X at the time of press. His deletion raised questions about his actual involvement in the Kyrgyzstan banking initiative.

Ongoing Advisory Role Despite Public Denial

Changpeng Zhao maintains an advisory relationship with Kyrgyz authorities despite denying direct involvement with Bereket Bank. Binance signed a memorandum of understanding with Kyrgyzstan’s National Investment Agency in April 2025. This agreement established formal cooperation between the crypto exchange and the Central Asian nation.

Changpeng Zhao participated in the National Digital Asset Council meeting in October 2025 as an advisor. The government unveiled its first national stablecoin called KGST during this meeting. The KGST stablecoin operates on the BNB Chain and maintains a 1:1 peg to the Kyrgyz som.

Bereket Bank was founded by Nurdoolot Nurgozhoyev and former Parliament Speaker Marat Sultanov as co-founders. The institution operates as a private commercial bank under Kyrgyzstan’s 2022 VIRTUAL Assets Law. This legislation provides regulatory framework for digital asset service providers throughout the country.

Bereket Bank Services and Operations

The bank offers traditional financial services, including loans, deposits, and international remittances to customers. It also provides crypto-focused services, including custody solutions and blockchain-based payment systems. Stablecoin management represents another key service offering for the new institution.

Bereket Bank aims to attract foreign investment by serving as a compliant bridge between fiat currency and digital economies. The institution positions itself as a regulated gateway for international crypto operations. This strategy aligns with Kyrgyzstan’s goal of becoming a regional hub for digital asset innovation.

The country’s broader digital strategy includes piloting a central bank digital currency alongside the launch of the KGST stablecoin. These initiatives reflect Kyrgyzstan’s commitment to financial digitization and the adoption of blockchain technology. President Japarov announced these plans as part of a nationwide effort to promote digital transformation.