Binance Unveils Cryptocurrency Payment and Blockchain Education Programs in Kyrgyzstan

Binance has partnered with the National Agency for Investments of Kyrgyzstan to establish a framework for cryptocurrency payments and roll out blockchain education initiatives.

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

“I was pleased to meet with Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, 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 pave the way for new opportunities not only for our nation but also for the entire region,” remarked Kyrgyzstan’s President Sadyr Japarov.

The MoU aims to facilitate the rollout of cryptocurrency payment solutions and blockchain education initiatives in Kyrgyzstan.

Under the MoU, Binance will assist Kyrgyzstan in establishing the infrastructure for crypto payments through Binance Pay. This initiative is set to empower users and retailers to perform and accept cryptocurrency transactions, with the goal of improving cross-border financial interactions.

The agreement also includes plans for educational programs focused on blockchain, digital assets, and cybersecurity. Binance Academy will partner with Kyrgyz institutions to train government officials, regulators, financial entities, and the general public. These programs aim to enhance digital literacy and prepare local professionals for opportunities in the growing blockchain and Web3 sectors.

In addition to education and payments, Binance will provide technical and regulatory expertise to help Kyrgyz authorities develop policy frameworks and infrastructure for blockchain deployment. This support will encompass guidance on virtual asset regulations and advice on integrating blockchain technologies into public services.

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