CZ Denies Involvement in Kyrgyz Digital Asset Bank Changpeng Zhao (CZ), the founder of Binance, has refuted claims that he advised the Kyrgyz Republic to establish Bereket Bank, a digital asset-focused institution. Recent reports suggested CZ's involvement, linking him to the bank's creation. CZ's Statement on X CZ addressed the rumors on X, stating, "I don't know why my name is in that news. While I support the establishment of cryptocurrency banks, I have never directly proposed establishing a bank to the Kyrgyz government." This denial aims to clarify his position and distance himself from the reports. While CZ advocates for cryptocurrency banks in general to foster digital asset adoption and financial inclusion, he emphasizes that he played no direct role in the formation of Bereket Bank in Kyrgyzstan. The specifics of the bank's establishment and its operational framework remain under the purview of the Kyrgyz government and financial institutions. ```