Binance signed amemorandum of understanding (MoU) with Kyrgyzstan’s National Agency for Investments. The agreement aims to bring Binance Pay to Kyrgyzstan and introduce blockchain education programs.
The signing took place during the Council for the Development of Digital Assets’ first meeting on May 4, 2025. Kyrgyz President Sadyr Japarov attended the session. Binance stated the partnership will allow residents and visitors to use crypto payments through Binance Pay.
According to Kyrylo Khomiakov, Binance’s regional head for Central and Eastern Europe, the agreement supports crypto-related infrastructure in the region. The MoU does not detail a launch date for Binance Pay but confirms plans to integrate the service.
Binance Pay is a crypto payments system that allows users to send and receive digital assets. Its deployment in Kyrgyzstan will operate within the country’s regulatory framework.
Binance Academy to Develop Blockchain Education with Government Agencies
The partnership includes a plan to expand blockchain education in Kyrgyzstan. Binance Academy will work with local authorities and financial institutions to build learning programs on blockchain and crypto regulation.
These programs will focus on training both the general public and government employees. The collaboration aims to help agencies understand blockchain operations and legal frameworks. No launch timeline was shared.
Binance Academy has previously worked on similar programs in other countries. In Kyrgyzstan, the new courses will support local digital knowledge and policy awareness.
Binance did not release full details of the course structure or partners involved but confirmed that government stakeholders will contribute to the program design.
Kyrgyzstan Signs Law to Launch CBDC Pilot for Digital Som
Kyrgyzstan is also preparing to launch a central bank digital currency (CBDC). On April 18, 2025, President Sadyr Japarov signed a constitutional law that gives legal tender status to the “digital som.” The law also approved a pilot program for its use.
The CBDC pilot will test how the digital som works for transactions inside the country. The National Bank of Kyrgyzstan will monitor the outcomes.
Kyrgyzstan’s interest in crypto also includes mining. The country generates over 30% of its electricity from hydropower. Yet, only 10% of its total hydropower potential is used, according to the International Energy Agency. This makes Kyrgyzstan a potential location for blockchain-related operations.
CZ and Richard Teng Expand Binance’s Global Government Relations
Former Binance CEO Changpeng Zhao, known as CZ, signed an MoU with Kyrgyzstan’s foreign investment agency on April 4, 2025. He now advises the government on crypto regulation and blockchain policy.
CZ also joined Pakistan’s Crypto Council as an adviser on April 7. The council is responsible for helping the country form digital asset strategies.
Meanwhile, Binance CEO Richard Teng said the exchange is assisting multiple governments on crypto reserves and crypto regulation. In an April 17 interview, Teng said some governments and sovereign wealth funds approached Binance about establishing crypto reserves.
“We have actually received quite a number of approaches by a few governments and sovereign wealth funds on the establishment of their own crypto reserves,”
Teng said.
The MoU in Kyrgyzstan aligns with Binance’s pattern of forming formal partnerships with governments to support crypto policy and blockchain infrastructure.
