The Kyrgyz Republic has signed an agreement with Changpeng “CZ” Zhao, co-founder of Binance
$3.53B
, to support the country’s efforts in blockchain and digital asset development.
Zhao will advise the government on regulatory matters and help shape policies that go beyond just cryptocurrency trading. His role will also include offering technical guidance to improve how public systems use blockchain tools.
The country’s National Investment Agency (NIA), which focuses on bringing in foreign capital and helping global firms find business opportunities in Kyrgyzstan, was the government body that formalized this partnership.
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President Sadyr Zhaparov announced the deal on X, saying it would support local growth in blockchain, digital asset management, and cybersecurity. He also pointed out that projects like this are important for building a stable economy and protecting digital infrastructure.
In an April 3 post on X, Zhao mentioned that he advises a few governments, both formally and informally, on crypto rules and public blockchain use.
The government hopes this partnership will lead to better digital systems, stronger security in handling virtual assets, and more training for professionals in the field.
Kyrgyzstan’s focus on blockchain comes as the country looks to use its untapped energy resources to support new industries. Over 30% of the country’s power comes from hydroelectric plants. However, only a small part of its full potential has been developed, according to the International Energy Agency.
Recently, Zhao donated cryptocurrency to support recovery efforts in Myanmar and Thailand after a deadly earthquake. How much did he donate? Read the full story.
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