Binance Strengthens Government Relations with New Initiative in Kyrgyzstan

Binance, the world's largest cryptocurrency exchange, has formed a strategic partnership with Kyrgyzstan's National Investment Agency, The Caspian Post reports citing BeinCrypto.

The goal is to drive crypto payment adoption and enhance digital finance education nationwide.

The partnership, announced on May 4, formalizes a Memorandum of Understanding (MoU) to expand the use of digital assets in Kyrgyzstan.

This builds upon an earlier agreement signed during the Council for the Development of Digital Assets meeting, which President Sadyr Japarov attended.

Under the latest arrangement, Binance Pay will be introduced as a tool to support seamless crypto payments across the region.

The rollout will simplify international money transfers and trade flows, especially between Kyrgyzstan, neighboring Central Asian countries, and members of the Eurasian Economic Union (EAEU).

“This Memorandum of Understanding represents a shared vision for leveraging blockchain technology to create sustainable economic opportunities, improve financial inclusion, and advance the freedom of money in Kyrgyzstan,” Kyrylo Khomiakov, Regional Head of CEE, Central Asia, and Africa at Binance, said.

Beyond crypto payments, the initiative prioritizes public education. Binance Academy will collaborate with the Investment Agency to develop financial literacy programs tailored to both institutions and everyday citizens.

These efforts aim to equip Kyrgyzstan residents with the knowledge needed to navigate digital assets and Web3 technologies.

The educational programs will cover a range of topics, from basic crypto awareness to more advanced digital finance concepts.

According to the exchange, this move is part of a larger plan to empower local entrepreneurs and foster innovation within the country’s tech sector.

Farhat Iminov, head of the National Investment Agency, described the partnership as a forward-thinking step toward building a robust digital finance ecosystem.