Binance co-founder Changpeng Zhao has refuted claims linking him to a private digital bank project in Kyrgyzstan. He clarified he has no association with the initiative and denies any involvement, describing the reports as misinformation. President Sadyr Japarov previously mentioned Zhao’s connection to a project called Bereket Bank. Japarov outlined plans for the privately-run institution aimed at attracting foreign investment and fostering the nation’s digital asset ecosystem, emphasizing its independence from government involvement. This contradicts previous claims that Zhao was involved in the bank’s development. The discrepancy highlights the conflicting narratives surrounding this initiative, showcasing tensions between national ambitions for digital banking and private sector cautiousness in such partnerships.