CZ's move this time is quite interesting. It is suggested that Kyrgyzstan use BTC and BNB as the starting assets for its national crypto reserves (BNB entering the central bank).
No wonder they recently joined the country's crypto committee...
The traditional sovereign wealth fund approach ultimately leads to buying U.S. Treasury bonds, but for small countries, survival indeed requires a different path.
However, using BNB as a reserve asset is still a bit surreal. CZ is playing a big game here. The question is whether Kyrgyzstan can handle this move, especially considering the gap between national credit and exchange credit, which is as wide as the 100 Tether-backed U.S. Treasury reserves.
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