- Binance signs MoU with Kyrgyzstan to expand crypto payments and blockchain education.
- The deal includes launching Binance Pay and crypto literacy programs via Binance Academy.
- Kyrgyzstan aims to be a Central Asian blockchain hub with support from global crypto leaders.
Binance has signed a new partnership with Kyrgyzstan’s government to support crypto adoption, education, and regulation in the country. The deal was formalized through a Memorandum of Understanding (MoU) between Binance and Kyrgyzstan’s National Agency for Investments and was signed during the first meeting of the Council for the Development of Digital Assets. President Sadyr Japarov attended the meeting, signaling strong political support for digital finance.
As part of the agreement, Binance will introduce Binance Pay to Kyrgyzstan. This service enables fast and secure crypto payments for users across the country. Binance and Kyrgyz officials say the initiative will simplify cross-border transactions and open the country to broader financial inclusion.
The partnership also includes a major education effort led by Binance Academy. Educational programs will be designed to help government agencies, banks, and citizens. The programs will help them to gain more knowledge about crypto, blockchain, and digital finance. The aim is to prepare Kyrgyzstan’s workforce for opportunities in Web3 and decentralized technology.
Binance Regional Head Kyrylo Khomiakov emphasized the importance of this collaboration, stating that the partnership could drive innovation, enhance financial access, and unlock new digital economy opportunities for Kyrgyz citizens. Binance will also serve in an advisory role to help shape digital asset regulation.
Officials stated the MoU represents a broader strategy to build a sustainable crypto ecosystem in Central Asia. The government is also pursuing a central bank digital currency. On April 18, President Japarov signed a law giving legal currency status to a pilot version of the “digital som.”
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Notably, Kyrgyzstan is already home to crypto mining operations, due to its strong hydropower resources. About 30% of its electricity comes from hydroelectric plants, though most of its energy potential remains untapped.
Binance has recently expanded government partnerships in countries like Bahrain, Kazakhstan, and the UAE. The firm continues to push its global presence despite regulatory pressure in the U.S. and Europe. The agreement with Kyrgyzstan reflects growing interest across the region to modernize finance through blockchain. The Kyrgyz government stated that the Binance deal would boost investments, jobs, and expertise to support its long-term vision for a digital economy.
