Cholpon-Ata, May 4, 2025 /Kabar/. President of the Kyrgyz Republic Sadyr Zhaparov, on May 3, held a meeting with the founder of the world's largest cryptocurrency exchange Binance Changpeng Zhao, which took place in Cholpon-Ata, the press service of the head of state reported.
The parties discussed issues related to the development of virtual assets and blockchain technologies in Kyrgyzstan, as well as cybersecurity and the fight against digital threats.
Sadyr Zhaparov emphasized that Kyrgyzstan is taking serious steps to implement digital assets. He focused on the work being done to launch the digital som. The corresponding Law was recently signed.
Changpeng Zhao expressed readiness for cooperation in the field of digital assets, in particular, readiness for consultations with specialists from Kyrgyzstan on the implementation of a digital national currency and educational programs for training specialists.
At the end of the meeting, the head of state expressed confidence that the joint efforts of the parties will be able to turn Kyrgyzstan and the entire region into a center of digital transformation.
Sadyr Zhaparov also presented the founder of Binance, Changpeng Zhao, with a certificate of public adviser to the President of the Kyrgyz Republic on issues related to the development of digital assets.
Changpeng Zhao, better known as CZ, is a Chinese-Canadian entrepreneur. In 2017, he founded Binance, which quickly became the industry leader in trading volume, liquidity, and number of users. In 2020, Binance launched Binance Smart Chain (BSC), a blockchain with smart contract support. The network was later renamed to BNB (Build and Build) Chain. Changpeng Zhao promoted the idea of a scalable, fast, and inexpensive blockchain infrastructure that does not depend on Binance itself as a centralized company. BNB Chain has become the basis for numerous blockchain projects.