International Association of Crypto-Economy and AI Created in Kyrgyzstan


The International Association of Crypto-Economy and Artificial Intelligence was established in Kyrgyzstan with the assistance of the Russian Association of Crypto-Economy, Artificial Intelligence and Blockchain (RAKIB), TASS reports. RAKIB was created to unite participants in the blockchain technology market and investors in blockchain-based projects in cryptocurrencies. The association aims to promote the spread and deep integration of blockchain technologies into the economy and legalize the use of electronic currencies based on this technology.

Alexander Brazhnikov, executive director of RAKIB, said on the margins of the Kazan Crypto-forum that the main tasks of the international association established in Kyrgyzstan will be to ensure security in the digital world, cross-border payments, and the creation of new projects. Brazhnikov will become the chairman of this association, which was officially registered a week ago and will have its headquarters in Bishkek.

“We want to make people engaged in this business cooperate,” Brazhnikov said, noting that associations from different countries and individual legal entities can join the organization.

According to him, some countries in Africa and the Middle East have shown great interest, and more than 15 countries may join the association by the end of 2024.