Changpeng Zhao, founder of Binance and former CEO of the world’s largest cryptocurrency exchange, has signed a memorandum of understanding with Kyrgyzstan’s National Investment Agency (NIA) to serve as an advisor on blockchain technology and crypto-related matters. The partnership aims to support the development of the country’s government systems and economy.
On April 3, CZ shared on social platform X: “I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for government efficiency—expanding blockchain beyond just trading. I find this work extremely meaningful.”
His post followed an announcement by Kyrgyz President Sadyr Zhaparov that the NIA had signed an agreement with CZ to receive technical expertise and consulting services in blockchain and cryptocurrency.
The NIA is tasked with promoting foreign investment and helping international companies explore business opportunities in Kyrgyzstan. President Zhaparov stated: “This collaboration is an important step toward strengthening technological infrastructure, implementing innovative solutions, and preparing highly skilled specialists in blockchain, digital asset management, and cybersecurity.”
He added: “Such initiatives are crucial for the sustainable growth of the economy and the security of virtual assets, ultimately creating new opportunities for businesses and society as a whole.”
Kyrgyzstan—officially renamed the Kyrgyz Republic in 1993—is a mountainous, landlocked country. It is considered highly suitable for cryptocurrency mining due to its abundant but underutilized renewable energy resources. According to the International Energy Agency, over 30% of the nation’s energy supply comes from hydroelectric power, but only about 10% of its full hydropower potential has been tapped.
Beyond Kyrgyzstan, CZ has also engaged with other Asian governments. He recently met with Malaysian Prime Minister Anwar Ibrahim to discuss crypto-related matters. CZ has also held meetings with officials in the United Arab Emirates and Bhutan, the latter known for its Bitcoin accumulation policies, although the details of those meetings remain undisclosed.
These developments follow CZ’s release from a four-month prison sentence in the United States for violating anti-money laundering regulations. Since then, he has invested in blockchain technology, artificial intelligence, and biotech ventures. Recently, he donated 1,000 BNB—worth nearly $600,000—to support earthquake relief efforts in Thailand and Myanmar following a natural disaster in late April.
