Binance founder expands government advisory role as Kyrgyzstan aims to harness blockchain for economic modernization
Kyrgyzstan Taps CZ for Blockchain and Crypto Strategy
Former Binance CEO Changpeng Zhao has signed a memorandum of understanding (MoU) with Kyrgyzstan’s National Investment Agency (NIA) to act as an official advisor on cryptocurrency regulation and blockchain strategy. The agreement marks a new chapter in the Central Asian nation’s efforts to embrace emerging technologies and position itself as a regional crypto-friendly hub.
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
The announcement was made by Kyrgyz President Sadyr Zhaparov, who emphasized the government’s intention to strengthen its technological and financial infrastructure with expert guidance from global crypto leaders.
A Memorandum of Understanding has been signed between the National Investment Agency under the President of the Kyrgyz Republic
and Changpeng Zhao (CZ)In accordance with the Memorandum, the parties intend to cooperate in the development of the cryptocurrency and blockchain…
— Sadyr Zhaparov (@sadyrzhaparovkg) April 3, 2025
Advisory Focus: Regulation, Cybersecurity, and Infrastructure
Zhao’s role will center on designing regulatory frameworks, improving cybersecurity, and promoting education in virtual assets, according to a statement from the NIA. The agency is tasked with attracting foreign investment and accelerating innovation through international partnerships.
“Blockchain should be more than trading. It should be applied to energy, governance, education, and data security,” Zhao said.
“I’m committed to helping governments develop responsible crypto policy that enables growth while protecting users.”
Strategic Energy Potential for Mining and Blockchain
Kyrgyzstan’s abundant hydropower reserves make it a potential hotspot for energy-intensive crypto mining operations. The country currently generates over 30% of its energy from hydroelectric sources, yet only 10% of its total potential has been developed, according to the International Energy Agency (IEA).
This underutilized renewable energy positions Kyrgyzstan as a viable candidate for sustainable blockchain infrastructure, especially as global mining firms seek cleaner and cheaper electricity sources.
Part of a Broader Regional Strategy
Zhao’s engagement with Kyrgyzstan follows his recent meetings with government leaders in Malaysia, the UAE, and Bhutan, as he expands his post-Binance focus on public sector advising and blockchain philanthropy.
Since stepping down as Binance CEO and reaching a legal settlement in the United States, Zhao has invested in AI, biotech, and blockchain companies. He also recently made headlines for donating 1,000 BNB (worth around $600,000) for earthquake relief in Thailand and Myanmar.
Final Thoughts: Crypto Diplomacy in Action
The collaboration between CZ and Kyrgyzstan reflects a growing global trend of “crypto diplomacy,” where governments seek direct input from crypto pioneers to shape national strategies. For Kyrgyzstan, the partnership could help it leapfrog into a leadership role in Central Asia’s evolving digital asset landscape.
As more nations pursue crypto regulation, mining investment, and blockchain adoption, advisory roles like Zhao’s may become standard features of international digital policy development.
