PANews reported on November 3 that CZ clarified in an article on X that the report about the establishment of a private bank, "Bereket Bank," in Kyrgyzstan , which he suggested, was "inaccurate." He stated that he never proposed creating a bank himself, supports cooperation between banks and crypto, but has no intention of operating a bank, and that he does not know the names mentioned in the report.PANews reported on November 3 that CZ clarified in an article on X that the report about the establishment of a private bank, "Bereket Bank," in Kyrgyzstan , which he suggested, was "inaccurate." He stated that he never proposed creating a bank himself, supports cooperation between banks and crypto, but has no intention of operating a bank, and that he does not know the names mentioned in the report.

                                                                               While Silicon Valley dominates Web2, emerging markets like the UAE and Singapore lead DePIN adoption with better regulations and real infrastructure needs.                     Opinion by: Yanal M. Hammouda, head of market expansion at WingbitThe decentralized physical infrastructure network (DePIN) sector saw $150 million of capital flow during Q1 2025, with a projected market size of $3.5 trillion by 2028. Yet the most significant development isn’t the capital raised but where these networks operate. Emerging markets like the Middle East, Southeast Asia and South America — rather than Silicon Valley — are driving the future of DePIN adoption. Read more