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crypto.news 2025-05-05 08:49:14

Binance to rollout crypto payments and blockchain education programs in Kyrgyzstan

Binance to rollout crypto payments and blockchain education programs in Kyrgyzstan

Binance has partnered with Kyrgyzstan’s National Agency for Investments to implement crypto payment infrastructure and launch blockchain education programs. On May 4, during the inaugural meeting of the Council for the Development of Digital Assets, the Kyrgyz government reaffirmed its strategic partnership with Binance, building on the Memorandum of Understanding signed on April 3. “I was pleased to meet Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, in Cholpon-Ata. I’m grateful for the opportunity to discuss the development of blockchain technologies and digital assets in Kyrgyzstan. I’m confident that our cooperation will open new horizons not only for the country but for the entire region,” wrote Kyrgyzstan’s President Sadyr Japarov. Source: @sadyrzhaparovkg The MoU was signed between Binance and Kyrgyzstan’s National Agency for Investments to introduce crypto payment infrastructure and blockchain education in the country. Under the MoU, Binance will assist Kyrgyzstan in introducing crypto payment infrastructure through Binance Pay. This will allow users and merchants in the country to make and accept crypto payments, with a goal of facilitating financial flows across borders. The agreement also includes plans to launch educational programs focused on blockchain, virtual assets, and cybersecurity. Binance Academy will work with Kyrgyz institutions to deliver training to government officials, regulators, financial institutions, and the general public. These programs aim to increase digital literacy and prepare local professionals for roles in the growing blockchain and Web3 sector. You might also like: Kyrgyzstan partners with Binance founder to boost blockchain infrastructure In addition to education and payments, Binance will provide technical and regulatory expertise to help Kyrgyz authorities develop policy frameworks and infrastructure for blockchain adoption. This includes consulting on virtual asset regulation and advising on the integration of blockchain technology in public services. The collaboration between Binance and the Kyrgyz government comes on the heels of the recent signing of a constitutional law to pilot a Central Bank Digital Currency , giving the “digital som” legal tender status. Testing of the platform is expected later this year, with the National Bank of Kyrgyzstan overseeing its issuance and circulation, though the final decision on its official adoption is expected by the end of 2026. You might also like: News Kyrgyzstan advances plans for national digital currency: report

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