Binance Partners Kyrgyzstan to Boost Crypto Payments and Education

Binance, the world's largest cryptocurrency exchange, has entered into a strategic partnership with Kyrgyzstan’s National Investment Agency. The primary objective of this collaboration is to drive the adoption of crypto payments and enhance digital finance education across the nation.

The partnership, formalized on May 4, involves a Memorandum of Understanding (MoU) aimed at expanding the use of digital assets in Kyrgyzstan. This initiative builds upon an earlier agreement signed during the Council for the Development of Digital Assets meeting, which was attended by President Sadyr Japarov.

Under the latest arrangement, Binance Pay will be introduced as a tool to support seamless crypto payments across the region. This rollout is expected to simplify international money transfers and trade flows, particularly between Kyrgyzstan, neighboring Central Asian countries, and members of the Eurasian Economic Union (EAEU).

Kyrylo Khomiakov, Regional Head of CEE, Central Asia, and Africa at Binance, highlighted the shared vision for leveraging blockchain technology to create sustainable economic opportunities, improve financial inclusion, and advance the freedom of money in Kyrgyzstan. Beyond crypto payments, the initiative prioritizes public education. Binance Academy will collaborate with the Investment Agency to develop financial literacy programs tailored to both institutions and everyday citizens. These efforts aim to equip Kyrgyzstan residents with the knowledge needed to navigate digital assets and Web3 technologies. The educational programs will cover a range of topics, from basic crypto awareness to more advanced digital finance concepts.

According to the exchange, this move is part of a larger plan to empower local entrepreneurs and foster innovation within the country’s tech sector. Farhat Iminov, head of the National Investment Agency, described the partnership as a forward-thinking step toward building a robust digital finance ecosystem. He emphasized the importance of establishing a solid framework for crypto adoption and improving access to financial knowledge.

This move marks another milestone in Binance’s growing role as a crypto policy partner for governments. Earlier this year, Binance founder Changpeng Zhao was named a strategic adviser to the Kyrgyzstan government on how to develop its Web3 and blockchain ecosystem. Additionally, Binance CEO Richard Teng revealed that the company is helping several countries explore the idea of Strategic Bitcoin Reserves, mirroring the United States’ moves.