How Kyrgyzstan is Becoming the Switzerland of Crypto

Kyrgyzstan has launched a state stablecoin backed by physical gold, built its own gold vault, and brought Binance founder Changpeng Zhao into its crypto policy circle.

Zhao, widely known as CZ, now holds a Kyrgyz passport and serves as an adviser to the country’s president, according to Arsen Edilbek uulu, co-founder of KYTLABS and head of fintech consulting in Kyrgyzstan.