Binance, the largest crypto exchange in the world, has joined a strategic partnership with Kyrgyzstan's National Investment Agency.
The goal is to encourage the adoption of crypto payment and enhance digital financial education nationwide.
Set Binance Pay to simplify regional transfers in Central Asia
The cooperation, announced On May 4, formalin a Memorandum of Understanding (MOU) to expand the use of digital assets in Kyrgyzstan.
It forms a previous agreement signed during the Council for the development of the Digital Assets meeting, attended by President Sadyr Japarov.
Under the latest repair, Binance Pay will be introduced as a tool to support the seamless crypto payment throughout the region.
Incallout will simplify money transfers to international and trade flow, especially between Kyrgyzstan, neighboring Central Asian countries, and members of the Eurasian Economic Union (EAEU).
“The memorandum of this understanding represents a shared perspective for seizing blockchain technology to create sustainable economic opportunities, improve financial integration, and advance the freedom of money in Kyrgyzstan,” Kyrylo Khomiakov, head of the region of CEE, Central Asia, and Africa in Bankov, said.
Beyond crypto payments, the initiative leads public education. The Binance Academy will cooperate with the investment agency to produce financial reading programs that are in accordance with both institutions and daily citizens.
These efforts aim to equip Kyrgyzstan residents with the knowledge needed to navigate digital assets and web3 technologies.
Educational programs cover a set of topics, from the basic crypto awareness to more advanced digital financial concepts.
According to the exchange, this move is part of a larger plan to empower local entrepreneurs and promote change within the country's tech sector.
Farhat Iminov, head of the National Investment Agency, described the collaboration as a forward-thinking step towards developing a stable digital financial ecosystem.
He emphasized the importance of establishing a solid framework for the adoption of crypto and improving access to financial knowledge.
This step marks another milestone in Binance's growing role as a crypto policy partner for governments.
Earlier this year, Binance founder Changpeng Zhao was named a strategic counselor at the Pakistan Council Council. He also advises the Kyrgyzstan government on how the web3 and blockchain ecosystem develop.
In addition, Binance CEO Richard Teng has announced that the company is helping some countries explore the idea of strategic Bitcoin reserves, reflecting the moves of the United States.
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