On May 4, 2025, in Bishkek — Global cryptocurrency exchange Binance has established a strategic relationship with the Kyrgyz Republic in an audacious step toward digital transformation, with the goal of expediting the country’s adoption of blockchain technology and cryptocurrency-based solutions. President Sadyr Japarov attended the first meeting of the Council for the Development of Digital Assets in Bishkek, where the agreement was announced and a Memorandum of Understanding (MoU) with the National Agency for Investments was signed.
The introduction of Binance Pay throughout Kyrgyzstan is the focal point of the partnership. For both locals and visitors from abroad, this contactless cryptocurrency payment system makes digital transactions easy, safe, and borderless. It is anticipated that the implementation will promote financial inclusion and strengthen Kyrgyzstan’s ties to digital economies, particularly those in the Eurasian Economic Union (EAEU).
Boosting Blockchain Literacy and Building Infrastructure
The alliance emphasizes blockchain education and capacity building in addition to payments. In order to provide customized programs that improve digital literacy, Binance Academy will collaborate with Kyrgyz universities, government agencies, and financial organizations. In order to develop a domestic workforce proficient in decentralized finance (DeFi), smart contracts, and digital asset governance, the educational programs will target a wide range of individuals, including banking professionals, entrepreneurs, students, and civil workers.
To support broader economic modernization, Binance will also help Kyrgyzstan develop the necessary infrastructure for a digital asset ecosystem. This includes evaluating blockchain applications for public services, aiding in the creation of a national Bitcoin reserve, and supporting pilot programs for the digital som, the country’s central bank digital currency (CBDC).
A Step Toward Digital Sovereignty
This collaboration follows President Japarov’s signing of Kyrgyzstan’s constitution in April 2025, which recognized the digital som as legal tender. Kyrgyzstan’s decision demonstrates a strong commitment to digital banking and places it among the select few countries that have institutionalized CBDCs at the constitutional level.
Adding further weight to the initiative, Binance founder and former CEO Changpeng Zhao is set to advise Kyrgyz authorities on blockchain development and regulatory strategy. His expertise is expected to bolster the nation’s efforts to position itself as a regional leader in the crypto space.
As global interest in digital assets grows, Kyrgyzstan’s proactive partnership with Binance could become a model for other emerging markets seeking to embrace blockchain innovation while preserving financial sovereignty.
