Chain News Daily Today TheBitTimes.com

Former Binance CEO Changpeng Zhao will start advising the Kyrgyz Republic on blockchain and crypto regulation and technology. That’s after the crypto mogul signed a memorandum of understanding (MOU) with the National Investment Agency (NIA). “A Memorandum of Understanding has been signed between the National Investment Agency under the President of the Kyrgyz Republic and Changpeng Zhao (CZ),” said Kyrgyzstan president Sadyr Zhaparov in an April 3 X post . According to the president, the MOU with Zhao is a crucial step towards “strengthening technological infrastructure,  implementing innovative solutions, and preparing highly qualified specialists in blockchain technologies, virtual asset management, and cybersecurity.” Changpeng Zhao Advises Multiple Governments On Crypto And Blockchain Kyrgyzstan is not the first to tap Zhao’s Web3 knowledge and expertise. “I officially and unofficially advise a few governments on their crypto regu...

President-elect Donald Trump appointed billionaire entrepreneur Elon Musk and Republican party leader Vivek Ramaswamy to run the Department of Government Efficiency (DOGE). The new department’s goal is to streamline federal operations and cut wasteful government spending. However, leading investment bank JP Morgan recently published a report on DOGE, casting doubt on its effectiveness. JP Morgan evaluated the prospects of DOGE , saying the new department will have a difficult time controlling government spending. While DOGE’s job is to advocate less red tape and government interference, the reality will be different. On paper, the idea seems wonderful, but practically, the department will find it hard to navigate. Also Read: XRP Forecasted to Breach All-Time High of $3.40: Here’s When JP Morgan: Congress Controls Government Spending, Not DOGE Source: Linkedin / JP Morgan JP Morgan wrote in its paper that Congress controls government spending and DOGE sits outside of Congres...