Kyrgyzstan and Binance have signed a Mnemonics to develop the digital asset sector and enhance financial literacy in this Central Asian country.
Binance, the world's leading cryptocurrency exchange, has just signed a Mnemonics (Memorandum of Understanding – MoU) with the National Investment Agency under the President of Kyrgyzstan, marking an important step in developing the digital asset sector in this Central Asian country. The signing ceremony took place during the opening session of the Digital Asset Development Council, with the participation of President Sadyr Japarov.
This cooperation agreement aims to implement cryptocurrency payment methods in Kyrgyzstan through the Binance Pay solution. The collaboration aims to enhance cross-border payment capabilities in the Central Asian region and the Eurasian Economic Union (EAEU), facilitating financial flows in the region.
Promoting Education and Web3 Ecosystem Development
In addition to developing payment infrastructure, Binance Academy will also support building educational programs to enhance financial literacy for Kyrgyzstan's citizens. This initiative aims to equip people with the necessary knowledge and skills in the context of a rapidly developing digital economy.
Furthermore, Binance is committed to promoting domestic Web3 projects to create a dynamic blockchain ecosystem in Kyrgyzstan, opening up numerous job opportunities and economic growth.
Mr. Farhat Iminov, head of the Kyrgyzstan National Investment Agency, emphasized that this partnership will play a crucial role in driving innovation and economic growth of the country. On Binance's side, Mr. Kyrylo Khomiakov, Regional Director, expressed: "We are delighted to collaborate to harness the potential of blockchain technology, creating sustainable economic opportunities in Kyrgyzstan."
