Binance founder Changpeng Zhao and the National Investment Agency of Kyrgyzstan signed a memorandum of cooperation. The agreement provides for the development of the blockchain ecosystem in the country, including technological support, consulting services, and educational programs. The Kyrgyz authorities expect that this cooperation will help modernize the economy and attract investment in digital assets.

As part of the partnership, Zhao will advise the government on the regulation of cryptocurrencies and the implementation of blockchain technologies in various sectors of the economy. Particular attention will be paid to the creation of a regulatory framework and the training of specialists. Kyrgyz President Sadyr Japarov personally confirmed the signing of the memorandum, emphasizing the importance of this step for the digital transformation of the country.

This cooperation opens up new prospects for Kyrgyzstan in the field of financial technologies. The participation of such an expert as Changpeng Zhao gives the project additional weight and can accelerate the integration of innovative solutions. The authorities expect that blockchain technologies will help increase the transparency of transactions and protect users from fraud.