Kyrgyzstan partners with Binance founder to boost blockchain infrastructure

The National Investment Agency under the president of Kyrgyzstan has signed a memorandum of understanding with Changpeng Zhao.

Zhao, the founder of BinanceSigned the memorandum aiming to move forward The country’s ecosystem and the country’s blockchain ecosystem.

According to the agreement, the parties will collaborate on the development of infrastructure, technical expertise and consulting services linked to blockchain and virtual assets.

The initiative also includes educational programs to train specialists in blockchain technology, virtual asset management and cybersecurity.

CZWho has advised several governments on cryptographic regulations and the adoption of blockchain, described these initiatives as significant to advance government efficiency and innovation.

“I officially and unofficially advise some governments on their cryptographic regulatory frameworks and their blockchain solutions for the effectiveness of the government, expanding blockchain more than trading. I find this extreme work tweeted On the news.

Kirghizstan digital I am

The partnership is aligned with the efforts of Kyrgyzstan to strengthen its digital economy and take advantage of blockchain beyond negotiation requests.

The Parliament of Kyrgyzistan approved A bill defining the legal framework of the digital SOM, the digital currency of the country’s expected central bank. The Kyrgyzstan National Bank provided for prototype tests for the beginning of 2025, with a decision on the full implementation expected at the end of 2026.