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Kyrgyzstan Launches National Stablecoin on Binance’s BNB Chain

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Kyrgyzstan Launches National Stablecoin on BNB Chain, Marks Major Step in Central Asia’s Digital Finance

In a major development for Central Asia’s digital finance landscape, Kyrgyzstan has launched a national stablecoin built on BNB Chain, the blockchain ecosystem supported by Binance. The stablecoin, reportedly pegged to the Kyrgyz som (KGS), is designed to support domestic payments, cross-border settlements, and the country’s growing digital asset ecosystem.

Kyrgyzstan’s Central Bank has confirmed plans to pilot a Central Bank Digital Currency (CBDC), dubbed the digital som, in multiple stages. The rollout will begin with government transactions and social payments before expanding to public use.

CZ’s Visit: Strengthening Binance-Kyrgyzstan Ties

During a two-day visit to Bishkek, Binance co-founder Changpeng Zhao (CZ) met with President Sadyr Japarov to discuss how blockchain technology could modernize Kyrgyzstan’s financial infrastructure and improve transparency in public finance.

Announcing key milestones on X (formerly Twitter), CZ revealed:

  • Kyrgyzstan has launched its national stablecoin on BNB Chain.
  • The country has initiated a CBDC rollout for government payments.
  • A National Cryptocurrency Reserve has been created, including BNB.
  • Partnerships have been established with ten universities to expand Binance Academy.
  • Law enforcement agencies have received training in crypto investigations.
  • The Binance app has been fully localized for Kyrgyz users.

“It’s inspiring to see Kyrgyzstan embrace blockchain at a national level,” CZ posted. “Education, innovation, and regulatory clarity are key pillars for sustainable adoption.”

Regulatory Roadmap: A Sandbox for Blockchain Innovation

President Japarov’s administration is prioritizing digital asset regulation to attract foreign investment and enhance transparency. The National Council for Blockchain and Virtual Assets, of which CZ is now a member, is drafting laws to:

  • Define stablecoins and asset-backed tokens.
  • Establish reserve and auditing requirements.
  • Launch a “regulatory sandbox” allowing startups to test blockchain projects under supervision.

According to CoinDesk, the Council will submit the initial legal framework within two months, which may include potential tax incentives for fintech firms and licensing standards for crypto operators.

The National Cryptocurrency Reserve: A First of Its Kind

Kyrgyzstan’s newly announced National Cryptocurrency Reserve will include Binance Coin (BNB), Bitcoin (BTC), and other major digital assets. The reserve aims to:

  • Diversify the country’s financial reserves.
  • Hedge against fiat volatility.
  • Support liquidity for the upcoming CBDC.

Analysts say including BNB in a sovereign crypto reserve is an unprecedented show of confidence in Binance’s ecosystem.

Reactions from the Crypto Community

The global crypto community has responded positively to Kyrgyzstan’s bold move. Many praised the initiative, noting that smaller nations are now leading the way in blockchain adoption.

BNB’s price rose approximately 2.5% following the announcement, with trading volume spiking across major exchanges. Market observers view this as renewed confidence in Binance after months of regulatory scrutiny.

“Choosing BNB Chain over Ethereum or Tron is a major endorsement,” said one analyst on X. “It could pave the way for other nations to build on Binance’s infrastructure.”

Why It Matters

Kyrgyzstan’s initiative could inspire other emerging economies to explore national stablecoins and CBDCs built on public blockchains. It represents:

  • A new model of public-private blockchain collaboration.
  • A real-world validation of the BNB Chain’s scalability.
  • A strategic move by Binance to strengthen ties with governments following recent legal challenges.

For Changpeng Zhao, recently pardoned by U.S. President Donald Trump, this marks a symbolic return to global leadership, positioning Binance at the center of the next phase of digital finance.

What’s Next

The Kyrgyz government expects to:

  • Begin CBDC pilot tests by early 2026.
  • Finalize digital asset regulations within the next quarter.
  • Expand blockchain education programs across universities nationwide.

Binance plans to support developer grants and local incubators through the BNB Chain Innovation Fund to accelerate Web3 adoption in Central Asia.

FAQs

Also Read: Crypto Market Today (Live) Updates

https://coinpedia.org/news/kyrgyzstan-launches-national-stablecoin-on-binances-bnb-chain/

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Jack Smith And Allies Are Making New Moves As Republicans Mount Pressure

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Former special counsel Jack Smith and his allies are leveraging their experience prosecuting President Donald Trump to criticize his administration and launch new legal campaigns.

Two top prosecutors for former special counsel Jack Smith, Molly Gaston and J. P. Cooney, have launched their own law firm, Gaston & Cooney. According to their website, the firm will focus on helping state and local governments enforce “public corruption” laws, criminal defense, and supporting clients subject to congressional investigations.

Gaston and Cooney worked on Smith’s election interference case against Trump, which was dropped when Trump won the 2024 election. They were subsequently fired from the Department of Justice amid suggestions that they should face disbarment.

Meanwhile, Smith himself is already facing an ethics investigation by the Office of Special Counsel (OSC), an independent federal investigative and prosecutorial agency. Trump’s nominee to lead OSC, Paul Ingrassia, withdrew from consideration on Tuesday after failing to secure “enough Republican votes.” This occurred in the wake of leaked messages published by Politico.

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https://dailycaller.com/2025/10/23/jack-smith-and-allies-are-making-new-moves-as-republicans-mount-pressure/

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Stacey Abrams’ Nonprofit Shuts Down After Years of Allegations of Corruption

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The nonprofit organization founded by Stacey Abrams, known as the New Georgia Project, has announced it is officially shutting down after a decade marked by controversies involving illegal fundraising, ethics violations, and ongoing investigations by Georgia state lawmakers, according to The Gateway Pundit.

In a public statement, the nonprofit’s Board of Directors said, “We are proud of the milestones we have achieved, the communities we have engaged and the countless individuals whose lives have been strengthened by our work.” The announcement comes amid a series of financial and legal scandals surrounding the organization, which Abrams created in 2013 to increase voter turnout among Black Georgians.

Although Abrams no longer holds an official role with the group, the New Georgia Project has faced mounting scrutiny for alleged campaign finance misconduct and mismanagement of donor funds. Earlier this year, the Georgia Senate launched a formal investigation into Abrams and the New Georgia Project over allegations of illegal fundraising activity.

According to Atlanta News First, “Abrams and the New Georgia Project, from which she is no longer affiliated, are being investigated by the same Senate panel that has been examining Fulton County DA Fani Willis’ historic indictment of Donald Trump during the time he was out of the Oval Office.” The Senate committee is focusing on potential campaign finance violations, including the organization’s spending practices and reported internal disputes related to employee unionization efforts.

In January, the group was hit with a $300,000 ethics fine for violating campaign finance laws. Fox 5 Atlanta reported that the State Ethics Commission’s five-year investigation “revealed that the organization raised $4.2 million in dark money and spent $3.2 million on campaign activities.”

Shortly after the fine was imposed, New Georgia Project CEO Francys Johnson announced his resignation, citing the organization’s legal and financial troubles. Johnson’s departure came amid ongoing questions about the group’s transparency and accountability, issues that have persisted since Abrams’ tenure as founder.

The closure of the New Georgia Project is not the only controversy tied to Abrams. Separate reports surfaced earlier this year linking her to another nonprofit that received a $2 billion federal award from President Joe Biden’s Environmental Protection Agency (EPA).

The organization, Power Forward Communities, reportedly brought in only $100 in revenue during its first three months of operation in 2023, raising questions about how it qualified for such a massive federal grant. The Washington Free Beacon reported that Power Forward Communities was among the beneficiaries of $20 billion in federal funds distributed through the EPA’s “green bank” initiative, a program meant to finance environmental projects.

Former Congressman Lee Zeldin, who has been reviewing the federal disbursements, questioned how the newly formed Abrams-linked nonprofit was able to secure $2 billion in funding despite its limited operational history.

Twice-defeated in her gubernatorial bids against Georgia Governor Brian Kemp, Abrams has long claimed—without evidence—that Georgia Republicans engaged in “Black voter suppression.” Critics have pointed to the collapse of her nonprofit as the latest example of financial mismanagement and political opportunism within the network of organizations she helped build.

The Georgia Senate investigation into Abrams and the New Georgia Project remains ongoing.
https://www.lifezette.com/2025/10/stacey-abrams-nonprofit-shuts-down-after-years-of-allegations-of-corruption/

crime, death, india, police, suicide

Senior Haryana IPS officer shoots himself at residence

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**Senior Haryana IPS Officer Dies by Suicide at Residence**

*By Snehil Singh | Oct 07, 2025, 05:04 PM*

Senior Haryana Indian Police Service (IPS) officer Puran Kumar allegedly died by suicide at his residence in Sector 11, Chandigarh. The incident occurred on Tuesday afternoon when he reportedly shot himself with his official weapon. Preliminary investigations suggest that he died on the spot.

Puran Kumar was a 2001-batch IPS officer serving as the Additional Director General of Police at the Police Training Centre in Sunaria, Rohtak. His wife, Aman P Kumar, an IAS officer, is currently on an official trip to Japan and is expected to return to India tomorrow evening.

Senior officials of Chandigarh Police have launched an investigation into the case. Chandigarh’s Senior Superintendent of Police, Kanwardeep Kaur, confirmed that a team from the Central Forensic Science Laboratory is examining the scene as part of the ongoing probe.

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**Support Resources**

If you or someone you know is struggling with suicidal thoughts, help is available. Please reach out to the following organizations for support:

– **AASRA (Suicide Prevention Counseling):** 022-27546669 (24 hours)
– **Roshni NGO:** +91-4066202000
– **COOJ:** +91-83222-52525
– **Sneha India Foundation (24×7):** +91-44246-40050
– **Vandrevala Foundation (Call & WhatsApp):** +91-99996-66555

Remember, seeking help is a sign of strength. You are not alone.
https://www.newsbytesapp.com/news/india/senior-haryana-ips-officer-shoots-himself-at-house/story