CZ Denies Proposing Private Crypto Bank in Kyrgyzstan (Bereket Bank); Says He Won’t Run a Bank

In a recent statement, CZ denied reports that he proposed launching a private crypto bank in Kyrgyzstan, stressing that he has never advocated starting a bank himself.

The clarification follows a Coin Bureau report claiming a private institution named Bereket Bank would focus on digital assets and foreign investments. CZ also noted that he may have suggested that “as many digital banks as possible should support cryptocurrency.”

There is currently no independent corroboration for the proposed venture, and readers should await formal statements from involved parties while considering the credibility of media coverage in the crypto sector.

This episode underscores the ongoing scrutiny of crypto banking narratives and the importance of precise reporting as the sector evolves.