Kyrgyzstan teams up with Binance founder to boost crypto
CZ will provide infrastructure, expertise, and consulting to Kyrgyzstan, aiming to expand the country’s crypto capabilities.
The President of Kyrgyzstan, Sadyr Zhaparov, announced a new collaboration between the National Investment Agency and Changpeng Zhao (CZ), the founder of Binance. The agreement focuses on developing the cryptocurrency and blockchain technology ecosystem within the Kyrgyz Republic.
The partnership will see CZ provide infrastructural and technological support. It will also include consultancy on crypto and blockchain initiatives. Additionally, educational programmes will be implemented to support the country’s development in these fields.
Zhao expressed his excitement about advising Kyrgyzstan, emphasising the importance of expanding crypto adoption globally. In a post on X, he highlighted his role in advising several governments on crypto regulatory frameworks and blockchain solutions.
He also clarified that his involvement is strictly related to cryptocurrency and does not extend to politics. The advisory role forms part of CZ’s broader strategy to enhance blockchain’s reach beyond just trading.
President Zhaparov views this collaboration as a significant step towards strengthening the country’s technological capabilities. The partnership aims to drive innovation, build expertise, and boost economic growth and security.
For more information on these topics, visit diplomacy.edu.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.
