Binance has worked with the National Investment Service within the President of the Republic of Kyrgyzhis to promote the development of digital assets in the region.
The Memorandum of Agreement (MOU) was signed during the first meeting of the Council on the development of digital assets, with President Sadyr Nurgozhoevich Japarov. The agreement lays the groundwork for a long -term strategic cooperation with the aim of unlocking new opportunities in the digital economy of Kyrgyzhia.
“This collaboration not only emphasizes our commitment to promote innovation and economic growth,” said Farhat Iminov, head of the National Investment Service, “but also emphasizes the importance of the embrace of digital transformation in today’s global economy.”
One of the most important initiatives in the corporate relationship will be the development of encryption options through Binance Pay.
With the introduction of seamless encryption transactions in the Republic of Kyrgyzhia, Binance and the National Investment Service are aiming to revolutionize cross-border payments-not only in Kyrgyzstan, but in Central Asia and the Eurasian Economic Union (EAEU). The aim is to facilitate faster, simpler and more exclusively economic flows at the border.
The partnership also places a strong emphasis on education. Binance Academy will work with the National Investment Service to design digital funding programs.
These initiatives will target not only government agencies and financial institutions, but also the citizens of Kyrgyz in general. The goal is to support the country’s web3 entrepreneurs and equip people with the skills needed to thrive in a rapidly evolving economic landscape.
Kyrylo Khomiakov, CEE’s regional leader, Central Asia and Africa in Binance, commented:
“This Memorandum of Agreement represents a common vision of exploiting blockchain technology to create sustainable financial opportunities, improve economic integration and promote the freedom of money in Kyrgyzstan.