Binance has partnered with the National Agency for Investments of Kyrgyzstan to create a framework for crypto payments and launch initiatives for blockchain education.

On May 4, during the inaugural meeting of the Council for the Development of Digital Assets, the Kyrgyz government reaffirmed its strategic alliance with Binance, building on the Memorandum of Understanding (MoU) signed on April 3.

“I was thrilled to meet with Changpeng Zhao (CZ), the founder of Binance, the largest cryptocurrency exchange in the world, in Cholpon-Ata. I value the opportunity to discuss the progress of blockchain technologies and digital assets in Kyrgyzstan. I am confident that our collaboration will create new opportunities not only for our country but for the entire region,” stated Kyrgyzstan’s President Sadyr Japarov.

The MoU was established to promote the implementation of crypto payment solutions and blockchain education in Kyrgyzstan.

As per the MoU, Binance will assist Kyrgyzstan in developing a crypto payment infrastructure via Binance Pay. This initiative will allow users and merchants in the country to execute and receive crypto transactions, with the goal of enhancing cross-border financial interactions.

The agreement also lays out plans for launching educational programs focused on blockchain, digital assets, and cybersecurity. Binance Academy will partner with local institutions to provide training for government officials, regulators, financial organizations, and the public. These programs aim to increase digital literacy and prepare local professionals for careers in the growing fields of blockchain and Web3.

In addition to education and payment solutions, Binance will provide technical and regulatory guidance to assist Kyrgyz authorities in developing policy frameworks and infrastructure for blockchain adoption. This will include advice on regulations for virtual assets and insights on incorporating blockchain technologies into public services.

This collaboration between Binance and the Kyrgyz government comes on the heels of a newly enacted constitutional law to pilot a Central Bank Digital Currency (CBDC), granting legal tender status to the “digital som.” Testing of the platform is expected later this year, under the supervision of the National Bank of Kyrgyzstan, although a final decision on its formal adoption is anticipated by the end of 2026.