The country of Kyrgyzstan and the founder of the world’s leading crypto exchange just inked a deal to advance crypto technologies in the Central Asian nation.
In a post on social media platform X, Kyrgyzstan President Sadyr Zhaparov says that Changpeng Zhao (CZ) and the National Investment Agency under the President of the Kyrgyz Republic just signed a memorandum of agreement representing their intent to cooperate in the development of a cryptocurrency and blockchain technology ecosystem.
[adinserter block="1"]“This includes providing infrastructural, technological support, technical expertise, and consulting services on cryptocurrencies and blockchain technologies, as well as implementing educational initiatives.”
Zhaparov says the partnership can strengthen technological infrastructure, implement innovative solutions and prepare highly qualified specialists in blockchain technologies, virtual asset management and cybersecurity.
“In light of the rapid global evolution of digital technologies, 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.”
Zhao says he is working to drive crypto adoption one country at a time. Says the Chinese-born Canadian businessman in a post on X,
“I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading. I find this work extremely meaningful.”
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