May 4, 2025
Binance will launch crypto payments in Kyrgyzstan with a new partnership
Binance has partnered with Kyrgyzstan to implement crypto payments and launch blockchain education programs in the country.
Binance has signed a memorandum of understanding (MOU) with the National Investment Agency of Kyrgyzstan to introduce crypto payment infrastructure and blockchain education in the country.
The memorandum of understanding was formalized during the inaugural meeting of the Council for the Development of Digital Assets, attended by the President of Kyrgyzstan, Sadyr Japarov, the exchange said in a press release on May 4.
As part of the agreement, Binance will introduce Binance Pay in Kyrgyzstan, enabling cryptocurrency-based transactions for visitors and residents.
The partnership also focuses on educational collaboration. Binance Academy will work with government agencies and financial institutions in Kyrgyzstan to develop blockchain-focused learning programs.
"Binance is excited to partner with the National Investment Agency of the Kyrgyz Republic to drive the development of crypto assets in the region," said Kyrylo Khomiakov, Binance's regional head for Central and Eastern Europe.
On April 4, former Binance CEO Changpeng "CZ" Zhao said he would start advising Kyrgyzstan on blockchain-related regulation and cryptocurrencies after signing a memorandum of understanding with the country's foreign investment agency.
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