Kyrgyzstan and Binance, the world’s leading cryptocurrency exchange, have reaffirmed their shared vision for the future of the digital economy through deeper cooperation and joint initiatives. On October 6, Kyrgyz President Sadyr Japarov met with Binance Chief Marketing Officer Rachel Conlan in Bishkek to discuss ongoing and future projects designed to modernize the country’s financial and technological infrastructure.
President Japarov highlighted the government’s strategic priorities in advancing blockchain and digital asset technologies. He noted that the National Council for the Development of Virtual Assets and Blockchain Technologies is currently developing a new digital asset, the KGST, which will be pegged to the national currency, the som. At the same time, the National Bank of Kyrgyzstan is working on the digital som, a national digital currency that is expected to integrate with the KGST to expand both domestic and cross-border applications.
Rachel Conlan emphasized Binance’s commitment to supporting Kyrgyzstan’s digital transformation, noting that the company’s global reach and extensive partner ecosystem make it a strong ally in the country’s transition to a blockchain-driven economy. She also stressed Binance’s focus on education and innovation, including initiatives to train specialists and raise awareness about the benefits of digital technologies.
The meeting followed Binance founder Changpeng Zhao’s visit to Kyrgyzstan earlier this year, which marked a milestone in strengthening ties between the global crypto giant and the Central Asian nation. On May 3, Zhao met with President Japarov to discuss the development of a national digital asset ecosystem, the integration of blockchain technology into public administration, and enhanced cybersecurity measures. Following their meeting, Zhao was appointed Public Adviser to the President on Digital Asset Development, underscoring the strategic importance of this partnership.
A day later, Japarov chaired the inaugural session of the National Council for the Development of Virtual Assets and Blockchain Technologies, during which Zhao was officially confirmed as a member. The Council’s mandate is to create a unified state policy on digital assets and guide the integration of blockchain across key sectors of the Kyrgyz economy.
In addition, the National Investment Agency of Kyrgyzstan signed a Memorandum of Cooperation with Zhao, outlining Binance’s support for building blockchain infrastructure, establishing a national cryptocurrency reserve, and implementing educational programs on blockchain, digital asset management, and cybersecurity.
Through these initiatives, Kyrgyzstan is positioning itself as a regional hub for digital innovation, leveraging blockchain and virtual asset technologies to boost transparency, efficiency, and competitiveness. The growing partnership between Binance and Kyrgyzstan reflects a shared commitment to creating a modern digital ecosystem that supports sustainable economic growth and technological independence.
Sources:
- Kyrgyzstan on the Way to Its Own Bitcoin Reserve
- Kirgistan und Binance: Wird das Land zum neuen Blockchain-Hub Zentralasiens?
- Президент Садыр Жапаров встретился с глобальным директором по маркетингу компании Binance Рейчел Конлан
- Kyrgyzstan and Binance Strengthen Partnership in Digital Economy Development