Former Binance CEO Changpeng Zhao (CZ) has signed a memorandum of agreement (MOU) with the Kyrgyz Republic to support the growth of blockchain and crypto infrastructure in the country.
The agreement, signed between ZHAO and the National Investment Agency under the President of Kyrgyzstan, outlines plans to collaborate on technological infrastructure, digital assets and education in blockchain technologies.
By one rack From Kyrgyz President Sadyr Zhaparov, the initiative includes offering technical expertise, advisory services and training in areas such as blockchain development, virtual asset management and cyber security.
Although the country has not previously been considered an important hub for crypto activity, the government has shown an increased interest in legal frameworks and innovation strategies in response to global trends in digital assets and tokenization.
The announcement has not announced specific projects or timelines. Both parties, however, characterized the MOU as a basis for long -term cooperation and technological integration.
Promote blockchain growth
De Mou marks an attempt by Kyrgyzstan to integrate blockchain into broader segments of his economy and management systems. In the official statement, President Zhaparov emphasized that cooperation will strengthen the technological basis of the country and guarantee a safe virtual assets implementation.
He added:
“In the light of the rapid worldwide evolution of digital technologies, such initiatives are crucial for the sustainable growth of the economy and the safety of virtual assets, which ultimately generates new opportunities for companies and society as a whole.”
In one after On X Zhao commented on the agreement and stated that he now advises “some governments on their crypto -controlling frameworks and blockchain solutions for GOV -Efficiency, which extended blockchain to more than actions.”
He has drawn up the Kyrgyz Mou as part of a broader initiative to support the global acceptance of blockchain technology “one country at the same time. “
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