President Sadyr Zhaparov of the Kyrgyz Republic revealed a pivotal agreement Wednesday through social media platform X, signaling a significant step toward the country’s digital transformation. He wrote:

A Memorandum of Understanding has been signed between the National Investment Agency under the President of the Kyrgyz Republic and Changpeng Zhao (CZ).

This formal arrangement lays the groundwork for deep collaboration with Zhao, the founder of Binance, to enhance the nation’s capabilities in blockchain and cryptocurrency infrastructure.

The partnership outlines a wide scope of cooperation aimed at advancing Kyrgyzstan’s digital future. “In accordance with the Memorandum, the parties intend to cooperate in the development of the cryptocurrency and blockchain technology ecosystem in the Kyrgyz Republic. This includes providing infrastructural, technological support, technical expertise, and consulting services on cryptocurrencies and blockchain technologies, as well as implementing educational initiatives,” the president explained. Officials see this as a move toward building a skilled digital workforce, boosting innovation, and reinforcing cybersecurity. The initiative also targets long-term economic resilience by integrating advanced technologies into governance and enterprise.

CZ responded to the announcement by highlighting Kyrgyzstan’s progress: “Crypto adoption, one country at a time.” In a separate post, he explained his broader mission:

I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading. I find this work extremely meaningful.

This effort aligns with Zhao’s previously stated vision for transparency in governance. “All governments should track all their spending on the blockchain, an immutable public ledger. It’s called ‘public spending’ for a reason,” he declared earlier this year. This perspective underlines Zhao’s advocacy for blockchain’s use far beyond crypto markets, extending into public finance and digital accountability. In January, Malaysia’s prime minister urged swift action on blockchain regulations and collaborations to modernize the nation’s financial systems after discussions with CZ.

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