Changpeng Zhao signs MoU to boost blockchain growth in Kyrgyzstan Gino Matos · 2 weeks ago · 1 min read
News ▸ Asia ▸ Binance ▸ Adoption
CZ and Kyrgyz President Sadyr Zhaparov noted that the effort as a foundation for long-term cooperation and technological integration.
Gino Matos
Apr. 3, 2025 at 9:00 pm UTC
1 min read
Updated: Apr. 4, 2025 at 2:01 am UTC
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Former Binance CEO Changpeng Zhao (CZ) has signed a memorandum of understanding (MoU) with the Kyrgyz Republic to support the growth of blockchain and crypto infrastructure in the country.
The agreement, signed between Zhao and the National Investment Agency under the President of Kyrgyzstan, outlines plans to cooperate on technological infrastructure, digital asset frameworks, and education in blockchain technologies.
According to a statement from Kyrgyz President Sadyr Zhaparov, the initiative includes providing technical expertise, consulting services, and training in fields such as blockchain development, virtual asset management, and cybersecurity.
While the country has not previously been considered a major hub for crypto activity, the government has shown increased interest in regulatory frameworks and innovation strategies in response to global trends in digital assets and tokenization.
The announcement did not disclose specific projects or timelines. However, both parties characterized the MoU as a foundation for long-term cooperation and technological integration.
Fostering blockchain growth
The MoU marks an effort by Kyrgyzstan to integrate blockchain into broader segments of its economy and governance systems. In the official statement, President Zhaparov emphasized that the collaboration will strengthen the country’s technological foundation and ensure secure virtual asset implementation.
He added:
“In light of the rapid global evolution of digital technologies, such initiatives are crucial for the sustainable growth of the economy and the security of virtual assets, ultimately generating new opportunities for businesses and society as a whole.”
In a post on X, Zhao commented on the agreement, stating that he now advises “a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading.”
He framed the Kyrgyz MoU as part of a broader initiative to support global adoption of blockchain technology “one country at a time.”
Mentioned in this article
Binance Changpeng Zhao
Posted In: Binance, Asia, Adoption, Crypto, Technology
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Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
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Assad Jafri
Editor & Reporter at CryptoSlate
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his skills worldwide for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.
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