The National Agency for Investments under the President of the Kyrgyz Republic has entered into a formal deal with Binance.
The partnership aims to explore and develop initiatives within the digital assets sector. The two parties signed a Memorandum of Understanding (MoU). This took place during the inaugural session of the Council for the Development of Digital Assets. President Sadyr Japarov attended the session.
The deal outlines a collaborative approach to integrate cryptocurrency payment solutions and expand digital finance education in the country. With the goal of simplifying financial transactions for international visitors of Kyrgyztan is a noteworthy element of the collaboration. Officials suggest that the measure could help streamline cross-border payments within Central Asia. It may also benefit the broader Eurasian Economic Union.
As part of the deal, Binance Academy will support the Kyrgyz government’s efforts. This includes developing training and awareness programs related to blockchain and digital assets. The initiative targets government departments, financial institutions, and the general public. The primary focus will be on improving financial literacy among Kyrgyz citizens and supporting emerging Web3 projects within the country.
A representative from the National Agency for Investments stated that the deal aims to lay the foundation for the long-term development of the crypto-assets sector. It also seeks to drive economic transformation. The cooperation seeks to introduce modern financial tools and enhance public understanding of digital finance, according to the official.
Meanwhile, Binance officials described the MoU as part of the objective of the company to promote blockchain adoption, as well as economic inclusion in Central Asia. They indicated that the company would keep on working with Kyrgyz authorities to implement regulatory, technological, as well as educational initiatives aligned with this goal.
