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Former Binance CEO Changpeng Zhao will start advising the Kyrgyz Republic on blockchain and crypto regulation and technology.
That’s after the crypto mogul signed a memorandum of understanding (MOU) with the National Investment Agency (NIA).
“A Memorandum of Understanding has been signed between the National Investment Agency under the President of the Kyrgyz Republic and Changpeng Zhao (CZ),” said Kyrgyzstan president Sadyr Zhaparov in an April 3 X post.
According to the president, the MOU with Zhao is a crucial step towards “strengthening technological infrastructure, implementing innovative solutions, and preparing highly qualified specialists in blockchain technologies, virtual asset management, and cybersecurity.”
Changpeng Zhao Advises Multiple Governments On Crypto And Blockchain
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Kyrgyzstan is not the first to tap Zhao’s Web3 knowledge and expertise. “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,” Zhao said in an April 3 X post.
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.
— CZ 🔶 BNB (@cz_binance) April 3, 2025
Earlier this year, in a Jan. 15 X post, Zhao shared that he had been in crypto-related discussions with Malaysia’s Prime Minister, Anwar Ibrahim, as well.
Zhao has also met with officials in the United Arab Emirates (UAE) as well as Bhutan, which is actively buying Bitcoin.
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The former Binance CEO’s meetings come just six months after he was released from a four-month prison sentence in the US for violating multiple anti-money laundering laws. Shortly after his release, Zhao has made several investments in blockchain technology, as well as emerging technologies such as artificial intelligence and biotech.
No longer actively involved in Binance, the leading crypto exchange in terms of daily trading volume, Zhao has pursued other ventures.
After his release, he went on to launch a free educational platform called Giggle Academy.
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Who is Changpeng Zhao (CZ)?
Changpeng Zhao, also known as CZ, is the founder and former CEO of Binance, one of the world’s largest cryptocurrency exchanges.
Why is Changpeng Zhao advising the Kyrgyz Republic?
CZ is providing strategic guidance to help the Kyrgyz Republic develop its blockchain infrastructure and digital economy.
What is the goal of this advisory role?
The goal is to support blockchain adoption, regulatory frameworks, and technological innovation in Kyrgyzstan.
How will blockchain benefit the Kyrgyz Republic?
Blockchain can improve transparency, reduce corruption, enhance digital payments, and foster economic growth.
Is this part of Binance’s global expansion?
While CZ is no longer CEO, this aligns with Binance’s broader mission of promoting blockchain adoption worldwide.
Will the Kyrgyz government create its cryptocurrency?
There are no official announcements yet, but blockchain implementation may include digital currency initiatives.
Does the Kyrgyz government officially recognize this partnership?
Yes, reports confirm official collaboration or advisory roles involving CZ and Kyrgyz leadership.
What sectors will benefit from blockchain in Kyrgyzstan?
Finance, public services, identity verification, agriculture, and logistics are key sectors likely to benefit.
Is blockchain adoption common in Central Asia?
Central Asia is gradually exploring blockchain, and Kyrgyzstan’s move could set a precedent.
What are the potential challenges of this initiative?
Challenges include regulatory uncertainty, infrastructure development, and public awareness of blockchain technology.
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