Kyrgyzstan and Binance have signed a Memorandum of Understanding to develop the digital asset sector and enhance financial literacy in this Central Asian country.
Binance, the world's leading cryptocurrency exchange, has just signed a Memorandum of Understanding (MoU) with the National Investment Agency under the President of Kyrgyzstan, marking an important step in developing the digital asset sector in this Central Asian country. The signing ceremony took place during the inaugural session of the Digital Asset Development Council, attended by President Sadyr Japarov.
This cooperation agreement aims to implement cryptocurrency payment methods in Kyrgyzstan through the Binance Pay solution. This collaboration aims to enhance cross-border payment capabilities in the Central Asian region and the Eurasian Economic Union (EAEU), facilitating financial flows in the area.
Promote education and develop the Web3 ecosystem
In addition to developing payment infrastructure, Binance Academy will also support the creation of educational programs aimed at enhancing financial literacy for the people of Kyrgyzstan. This initiative aims to equip individuals with the necessary knowledge and skills in the context of a rapidly growing digital economy.
Additionally, Binance is committed to promoting local Web3 projects to create a dynamic blockchain ecosystem in Kyrgyzstan, opening up many job opportunities and economic growth.
Mr. Farhat Iminov, head of the National Investment Agency of Kyrgyzstan, emphasized that this partnership will play a crucial role in promoting innovation and economic growth in the country. On Binance's side, Mr. Kyrylo Khomiakov, Regional Director, expressed his expectations: “We are excited to collaborate to harness the potential of blockchain technology, creating sustainable economic opportunities in Kyrgyzstan.”
