CZ enters the memorandum of understanding with Kyrgyzstan to develop encryption technology and blocchain
The former CEO of Binance, Changpeng Zhao (CZ) revealed that Kyrgyzstan, a country that was originally skeptical of encryption, had adopted it.
“Kyrgyzstan,” is books On his page x. “Encouragement of encryption, one country simultaneously. He also raised the head of state to X.”
CZ tweet came shortly after he signed an agreement with the Kyrgyz National Investment Agency to help build Web3 capabilities in the country. A7A5 Stablecoin from Kyrgyzstan, associated with Russian rubles and focuses on emerging markets, is the cornerstone of that plan.
Kyrgyzstan
Evidence of encryption, one country at one time.
The head of state also brought to X. https://t.co/jyyodiji4z– CZ 🔶 bnb (CZ_Binance) April 3, 2025
How to help CZ Kyrgyzstan
Thanks to the many experiences of Binance CEO, Check Check has claimed that he advised many governments “officially and informal” regarding encryption.
More countries around the world have become increasingly interested in integration of encryption, so it is not surprising that Kyrgyzstan, who was not a special center for encryption activity, has also turned his position.
According to recent ads, the country is now developing a new A7A5 Stablecoin with Russian ruble. The Chic Chic Stores claim constantly with world leaders who need his inputs on encryption, because it is a very influential personality in the encryption and participated in a few official governments in his career.
CZ finds the assistance he provides to these people with meaning and say a lot about it on X.
“I formally recommend and unofficial some governments on encryption frameworks and Blockchain solutions for government efficiency, and expand the Blockchain range to more than trading. I find this work a great meaning,”
~ Changpeng Zhao (CZ).
His relationship with the new A7A5 Stablecoin from Kyrgyzstan has not been fully disclosed, but it will comply with the recent allegations of Trump’s dealings.
“A memorandum of understanding has been signed between the National Investment Agency during the era of the President of the Republic of Kyrgyz and Changing Chau (CZ). According to the anniversary, the parties intend to cooperate in developing cryptocurrencies and Blockchain technology in the Republic of Quraz,” Claim President Sadir Chaparov in the Memorandum of Understanding.
A memorandum of understanding was signed between the National Investment Agency during the era of the President of the Republic of Kyrgyz
And Changpeng Zhao (CZ)According to the memo, the parties intend to cooperate in the development of cryptocurrency and Blockchain …
– Sadyr Zhaparov (SadyRzhaparovkg) April 3, 2025
According to the Zhaparov statement, the Binance founder will provide things like infrastructure, technological support, technical expertise, and advisory services in encryption techniques and blocks.
The president also stated that this agreement with CZ will enhance the position of Kyrgyzstan in the growing Web3 environment. The long -term plan is to help create new opportunities for companies and society in Kyrgyz as a whole.
This is supposed to have some cooperation with Russia, as the press statement of A7A5 states “a new category of digital assets linked to the Russian economy.” Kyrgyzstan has strong relations with Russia. In 2012, both countries signed an agreement that led to the establishment of a joint military base in Kyrgyzstan.
Kyrgyzstan may be part of its strategy to benefit from emerging markets. At best, this is a new experience that can reveal new opportunities in the market and challenge the dominance of Stablecoins that are equipped with the US dollar in the region.
Kyrgyzstan’s previous relationship with encryption
Like many other places in the world, Kyrgyzstan initially approached encryption with many regulations in an attempt to protect its citizens from the tricks and the like. Of course, a large part of it also arose from the fact that the government only knew the bad things that the main media said about Crypto.
Ultimately, in 2020, the National Bank of Kyrgyzstan published legislation that would define an encrypted currency and how it can be used in the Central Asian state.
The legislation was the central bank’s method of following the FATF work team to organize cryptocurrencies and prevent the risk of related money laundering and terrorist financing, according to what he said An explanatory note.
It was a necessary step to alleviate the risk as Kyrgyz citizens became increasingly interested and exposed to encrypted currencies, while technology continues to obtain traction in e -commerce around the world.
The organizer announced the proposed legislation on December 31, 2020, and its publication with a group of drafts that separate the reason for the need of the new draft law and how it commensurate with the current Kyrgyzan regulations.
This was the basis for Kyrgyzstan to adopt a more comprehensive set of laws regulating the encrypted currency market. This year the country presented full legislation on digital assets, which cover all the main aspects of the industry – from stock exchanges to symbolic exporters, thus creating a new institutional infrastructure that the market previously lacks.
One of the unique innovations is the mechanism for recording the distinctive symbol issuance under the supervision of the official country. This gives the organizers a power to ensure the compliance of the distinctive symbol emissions of organizational requirements, FIAT support, undergoing regular audit, and meeting obligations towards the distinguished symbol holders.
The first version of A7A5 (MINT) was implemented in full compatible with the new national legislation – under the control of the organizational authorities and directed to an official registered medium.
The A7A5 icon can be traded on the organized Exchange Meeer Exchange and is expected to be listed on the decentralized platforms in the future.
FIAT support is stored in bank accounts, and its size is reviewed by an independent company on a quarterly basis. However, the main advantage of the A7A5 is the opportunity it provides to earn up to 20 % annually, driven by linking it to the refinance rate of the Central Bank of the Russian Federation and additional income strategies in Defi.
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