On October 2, 2025, Changpeng Zhao, the founder of Binance, arrived in Kazakhstan. He met with the country’s president — Kassym-Jomart Tokayev. They discussed crypto, specifically the license that Binance received, and the fact that the government now holds BNB in its reserves.
In addition, they announced the launch of a national stablecoin — KZTx. It is intended for use within the country: for payments, fees, and government services. There are few details so far, but the essence is clear — Kazakhstan is doubling down on blockchain.
Binance enters officially. Kazakhstan launches its own stablecoin
The license itself is not just a formality. Now Binance can operate in the country on official grounds. This is not the first step, but definitely an important one. As for KZTx — that’s a new story. For now, it is only clear that it will be used in settlements with government agencies and, likely, businesses will be connected.
Another interesting point: Alem Crypto Fund, one of the main players in the local crypto scene, has added BNB to its portfolio. For the fund, this is a long-term bet. And for the entire industry, it is a sign that crypto is increasingly becoming part of the economy, not just hype.
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Following the decision to include BNB in reserves, the token’s market capitalization grew significantly. Binance CEO Changpeng Zhao expressed pride over the cooperation in a post on X, and President Tokayev emphasized the importance of cryptocurrencies for the country’s digital transformation.
“Changpeng Zhao played an important role in the development of the crypto industry worldwide and fintech in Kazakhstan. Our initiatives, including the regional crypto hub, are accelerating the digitalization of the economy,” said Kassym-Jomart Tokayev, President of Kazakhstan.
BNB gains in capitalization after integration in Kazakhstan
Kazakhstan was one of the first in the region to launch a Bitcoin ETF, and that’s where it all started. The country quickly became one of the leaders in crypto regulation and clearly does not intend to slow down.
After the news that BNB was added to the national reserves, the token’s price rose significantly. Market capitalization jumped to $151.71 billion, and market share — to 3.67%, according to CoinMarketCap. In one day, growth was 6.61%, and over the last three months — already 66.65%. This is not just volatility — it seems institutions have started to enter actively.
BNB daily chart. Source: CoinMarketCap
Experts say such steps could play a key role for Kazakhstan’s economy. At the meeting with Changpeng Zhao President Kassym-Jomart Tokayev specifically raised the topic of crypto and blockchain. If the country continues in this direction, it could attract not only money but also technology.
