Key Notes

Changpeng Zhao serves as official cryptocurrency advisor to the governments of Kyrgyzstan and Pakistan as of 2025.

The term “hard money” historically refers to scarce, commodity-backed currency, such as gold, and now includes Bitcoin.

Both Kyrgyzstan and Pakistan launched major crypto initiatives in recent months, including a national stablecoin and Bitcoin reserve.

Former Binance CEO Changpeng Zhao reported on Nov. 9 that two senior government officials from two different unnamed countries referred to cryptocurrency as “the hard money” during his advisory discussions last week. He characterized this as a sign that “the realization is finally happening” regarding crypto’s economic role on the global stage.

In my advisor role to governments, last week, two senior officials fr

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