Binance has signed a strategic Memorandum of Understanding (MoU) with the National Agency for Investments under the President of Kyrgyzstan, aiming to accelerate the country’s adoption of digital assets and blockchain technology.
The agreement was formalized during the first Council for the Development of Digital Assets meeting, attended by President Sadyr Japarov.
Binance Pay to Enable Crypto Transactions
A key focus of the partnership is the launch of Binance Pay in Kyrgyzstan. This initiative will enable seamless crypto transactions, transforming cross-border payments across Central Asia and the Eurasian Economic Union (EAEU). The collaboration seeks to simplify financial flows and promote broader crypto adoption in both public and private sectors.
Binance Academy to Drive Blockchain Education
The agreement also highlights a major educational component. Binance Academy will work alongside the Kyrgyz government to deliver blockchain and crypto literacy programs. These initiatives will target financial institutions, government agencies, and the general public — equipping Kyrgyz citizens and entrepreneurs with skills to navigate the evolving digital finance space.
Farhat Iminov, Head of the National Agency for Investments, emphasized the transformational potential of the partnership:
“Together, we aim to create a robust framework that supports the development of crypto-assets, enhances financial literacy, and opens new avenues for cross-border payments.”
Kyrylo Khomiakov, Binance’s Regional Head for CEE, Central Asia, and Africa, echoed this sentiment:
“This MoU represents a shared vision for leveraging blockchain to create sustainable economic opportunities, improve financial inclusion, and advance the freedom of money in Kyrgyzstan.”
The partnership marks a significant step in establishing Kyrgyzstan as a crypto innovation hub in Central Asia.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/binance-and-kyrgyzstan-forge-crypto-partnership-to-advance-digital-economy/