Binance, a major digital asset exchange, has entered into a partnership with Kyrgyzstan’s National Agency for Investments to introduce crypto payment infrastructure and blockchain education in Central Asia.
The memorandum of understanding (MoU), was signed on May 4 during the inaugural Council for the Development of Digital Assets session.
Binance Pay set to transform payment systems
Under the agreement, Binance will deploy its contactless crypto payment solution, Binance Pay, to enable locals and visitors to transact using digital currencies. The move aims to position Kyrgyzstan as a regional leader in crypto adoption while promoting financial inclusion through decentralised payment systems.
The partnership also includes educational initiatives. Binance Academy will collaborate with Kyrgyz authorities and financial institutions to develop blockchain-focused programs. Kyrylo Khomiakov, Binance’s regional head for Central and Eastern Europe, emphasised the exchange’s commitment:
“Binance is looking forward to collaborating with the National Agency for Investments of the Kyrgyz Republic to enable the development of crypto-assets in the region to move forward.”
The Asia nations’ embrace of digital finance extends beyond private partnerships. On April 18, President Sadyr Japarov signed a law approving a central bank digital currency (CBDC) pilot, granting the “digital som” legal tender status.
The country’s abundant hydroelectric power—30 percent of its energy mix—also makes it an attractive hub for crypto mining, with significant untapped potential.
Binance’s collaboration with Kyrgyzstan follows its growing influence in global crypto policy. Former CEO Changpeng “CZ” Zhao has advised the country on blockchain strategy since early April, while CEO Richard Teng revealed that Binance is consulting multiple governments on crypto reserves and regulation.
Binance continues to expand its global presence.
The Kyrgyz deal underscores the cryptocurrency company’s strategy to strengthen ties with governments worldwide.
The exchange is cementing its place in the future of digital finance, building trust across regions and institutions alike. It actively supports a growing community through engaging initiatives and keeps raising the bar with new features like Binance Smart Chain and Binance NFT, showing a clear focus on innovation and what users truly want.
With over 250 million users, Binance continues to drive innovation while navigating regulatory policy globally.