Binance, the global cryptocurrency exchange, has signed a Memorandum of Understanding (MoU) with the National Investment Agency of Kyrgyzstan to accelerate the development of the country's digital asset industry. This strategic partnership aims to introduce crypto payments to Kyrgyzstan through Binance Pay and support educational programs via Binance Academy.

The integration of Binance Pay will provide Kyrgyzstan with a robust payment infrastructure supporting various cryptocurrencies, facilitating easier transactions and financial inclusion. Binance Academy will assist in creating comprehensive educational programs designed to raise awareness among government agencies and financial institutions, enhancing financial literacy and supporting domestic Web3 projects.

Farhat Iminov, Head of the National Agency for Investments of the Kyrgyz Republic, stated that this collaboration underscores their commitment to fostering innovation and economic growth, highlighting the importance of embracing digital transformation. Kyrylo Khomiakov, Regional Head of CEE, Central Asia and Africa at Binance, expressed excitement about partnering with the National Agency for Investments to drive forward the development of crypto-assets, aiming to create sustainable economic opportunities, improve financial inclusion, and advance the freedom of money in Kyrgyzstan.

The MoU sets the stage for collaboration between the National Agency for Investments and Binance. The partnership will see the introduction of crypto payments to the Kyrgyz Republic through Binance Pay, simplifying transactions for visitors. This initiative is set to revolutionize cross-border payment solutions across Central Asia and the Eurasian Economic Union (EAEU), paving the way for smoother and more efficient transactions across the region.

Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com. The National Investments Agency under the President of the Kyrgyz Republic is a governmental agency promoting foreign investments and assisting international companies in finding business opportunities in the Kyrgyz Republic.