Binance Founder CZ Tapped by Kyrgyzstan to Drive Blockchain Future

On April 3, 2025, President Sadyr Zhaparov announced that the National Investment Agency (NIA) under his office had signed a Memorandum of Understanding with CZ. This agreement focuses on providing infrastructural and technological support, technical expertise, and consulting services related to cryptocurrencies and blockchain technologies. Additionally, it encompasses the implementation of educational initiatives to cultivate skilled professionals in blockchain development, virtual asset management, and cybersecurity. CZ posted on X:

President Zhaparov emphasized the strategic importance of this alliance, stating that such initiatives are crucial for the sustainable growth of the economy and the security of virtual assets, ultimately generating new opportunities for businesses and society as a whole.

CZ expressed his enthusiasm for the collaboration, noting that he officially and unofficially advises a few governments on their crypto regulatory frameworks and blockchain solutions for government efficiency, expanding blockchain to more than trading. He finds this work extremely meaningful.

Kyrgyzstan's abundant renewable energy resources, particularly its underutilized hydroelectric power potential, position the country favorably for cryptocurrency mining operations. Over 30% of Kyrgyzstan's total energy supply comes from hydroelectric power plants, yet only 10% of the country's potential hydropower has been developed, according to the International Energy Agency.

This partnership aligns with Kyrgyzstan's broader efforts to integrate digital technologies into its economic framework. The government has been proactive in exploring regulatory frameworks and innovation strategies in response to global trends in digital assets and tokenization. The collaboration with CZ is seen as a foundational step toward long-term cooperation and technological integration.

CZ's engagement with Kyrgyzstan is part of his broader initiative to support global adoption of blockchain technology. He has previously advised other nations, including Malaysia and the United Arab Emirates, on similar matters, emphasizing his focus on blockchain's broader applications beyond trading.

This comes after CZ wrapped up a brief legal matter in the United States. Since then, he has turned his attention to investing in emerging sectors such as blockchain, artificial intelligence, and biotechnology. Additionally, CZ recently donated 1,000 BNB (approximately $600,000) to support earthquake relief efforts in Thailand and Myanmar.

The partnership between Kyrgyzstan and CZ is anticipated to enhance the country's technological infrastructure, promote economic growth, and position Kyrgyzstan as a regional hub for blockchain innovation. By leveraging its renewable energy resources and embracing digital transformation, Kyrgyzstan aims to create new opportunities for businesses and society, fostering a sustainable and secure digital economy.