Binance Partners with Kyrgyzstan to pay the encryption in the center of CBDC Progress – Tradingview News
Binance signed the Memorandum of Understanding (MO) with the National Investment Agency during the era of the President of the Republic of Kyrgyz. The agreement was completed during the first meeting of the Council for the Development of Digital Assets, which was attended by President Sader Gabarov. It aims to support the growth of the country’s digital assets sector through long -term cooperation.
The partnership comes shortly after Kyrgyzstan took an official step towards launching a central bank’s digital currency (CBDC). Last month, President Japarov signed amendments to the Constitutional Law, giving the status of the legal tender for Digital Som. Changes in the National Bank of the Republic of Kyrgyz allow for the release of digital currency, the development of rules for use, and the supervision of its platform.
The Kyrgyz Republic adopts the Binance Payment Initiative
As part of the Memorandum of Understanding, Binance and the agency will work together to expand the digital economy of the Kyrgyz Republic. Farawat Emeenov, head of the National Investment Agency, said that the partnership reflects the agency’s efforts to support digital transformation and economic growth.
One of the main initiatives is to provide encryption services using Binance Pay. The partners said this could help improve cross -border transactions, not only within Kyrgyzstan, but also through Central Asia and the European Economic Union.
I am proud to support the future of encryption in Kyrgyzstan Binance! 🇰🇬
It is supervised by joining the Kyrgyz Separation Council. The council adheres to enabling:
✅ encryption payments throughout the country
✅ Enhancing adoption through education
✅ Fighting digital crime
✅ Building BNB/BTC Reserve
Big things in the future … pic.twitter.com/obnaflkqmy
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The Memorandum of Understanding targets Blockchain skills and literacy
Cooperation also includes focusing on digital education. Binance Academy will support the development of training programs that aim to enhance digital financial knowledge between the two years, financial institutions and government agencies.
The education effort is expected to help local entrepreneurs working in Blockchain and Web3 technologies. According to IMINOV, the goal is to create a framework that supports the development of digital assets, enhances financial literacy, and facilitates modern payment systems.
Binance signed similar agreements in other regions. This last step highlights its constant interest in digital infrastructure in Central Asia and organizational progress.
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