Binance and Kyrgyz Republic's National Agency for Investments sign a historic MoU to advance crypto-asset development, enhance financial literacy, and simplify cross-border payments.
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| Kyrgyz Republic partners with Binance to boost digital finance education and crypto payments, fostering economic growth and financial inclusion in Central Asia. Image: CH |
BISHKEK, Kyrgyzstan — May 4, 2025:
Binance, the global leader in blockchain ecosystems and the world's largest cryptocurrency exchange, has signed a Memorandum of Understanding (MoU) with the National Agency for Investments of the Kyrgyz Republic. The agreement, formalized during the inaugural meeting of the Council for the Development of Digital Assets, aims to lay a sustainable foundation for the growth of the digital-asset sector in the Kyrgyz Republic.
The partnership will introduce cutting-edge crypto payment systems in Kyrgyzstan, spearheaded by Binance Pay. This move will simplify payment processes for international visitors and facilitate seamless transactions across Central Asia and the broader Eurasian Economic Union (EAEU). The collaboration is set to enhance regional financial connectivity, establishing Kyrgyzstan as a leader in digital finance.
In addition to streamlining financial transactions, the partnership emphasizes a robust educational initiative. Binance Academy, one of the world's largest hubs for blockchain and cryptocurrency education, will collaborate with the Kyrgyz government to develop educational programs. These initiatives are designed to boost financial literacy, particularly among government agencies, financial institutions, and citizens. The program will also support local Web3 projects, ensuring Kyrgyzstan is well-prepared for the digital finance revolution.
Farhat Iminov, Head of the National Agency for Investments, expressed enthusiasm about the partnership, highlighting its potential to foster innovation, economic growth, and digital transformation in the region. "This collaboration marks a pivotal step in advancing the crypto-assets sector and improving financial literacy in Kyrgyzstan, benefiting both citizens and the broader region," Iminov said.
Kyrylo Khomiakov, Regional Head of CEE, Central Asia, and Africa at Binance, shared similar sentiments, emphasizing the role of blockchain technology in driving sustainable economic opportunities. "We look forward to implementing innovative solutions and empowering individuals and institutions alike in Kyrgyzstan," Khomiakov stated.
This partnership between Binance and the Kyrgyz Republic is set to pave the way for a more inclusive, innovative, and digitally empowered future for the country and the region.