Binance Founder to Advise Kyrgyzstan President on Digital Assets
On May 3 in Cholpon-Ata, President Sadyr Japarov met with Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, to discuss the future of digital assets and blockchain technologies in Kyrgyzstan. The meeting focused on the development of the country’s digital asset ecosystem, the introduction of blockchain technology into public administration, and measures to bolster cybersecurity. Japarov emphasized that Kyrgyzstan is actively promoting digital assets, particularly through the planned introduction of a national digital currency, the digital som. Changpeng Zhao expressed his readiness to support Kyrgyzstan’s digital transition by consulting and training local specialists involved in developing and implementing the digital som. During the meeting, Japarov presented Zhao with a certificate appointing him as a public adviser to the President of Kyrgyzstan on the development of digital assets. The following day, May 4, Japarov chaired the inaugural session of the National Council for the Development of Virtual Assets and Blockchain Technologies in Cholpon-Ata. Zhao was officially accepted as a member of the Council, which was established to formulate a unified state policy on virtual assets and promote their use in governance and key economic sectors. Japarov outlined the Council's main areas of focus: Enhancing financial literacy and supporting educational programs Strengthening cybersecurity and protecting users from digital fraud Integrating blockchain technologies into public administration systems “Interest in cryptocurrency is growing every year in Kyrgyzstan, and blockchain technologies and digital assets are becoming the basis of a new financial system,” Japarov stated. Earlier, the National Investment Agency of Kyrgyzstan signed a Memorandum of Cooperation with Zhao. Under the agreement, Binance will assist in developing blockchain infrastructure, creating a national cryptocurrency reserve, and training professionals in blockchain technology, virtual asset management, and cybersecurity.
