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Changpeng Zhao (CZ), the founder of Binance, has signed an agreement with the Kyrgyz National Investment Agency aimed at integrating Web 3 technologies into the local economy. This collaboration will focus on the development of digital technologies and blockchain applications.
Kyrgyzstan and CZ Collaboration
With the approval of the President of Kyrgyzstan, the protocol assigns CZ a consulting role. The agreement aims to strengthen digital infrastructure and expand technological applications. It is anticipated that the protocol will assess new approaches in areas such as blockchain and distributed ledger technologies.
President Sadyr Zhaparov stated, “The signed protocol opens new horizons for the development of digital technologies and the blockchain ecosystem in the country.”
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CZ is actively contributing to the collaboration by assuming a consulting role. The agreement includes plans to educate the local population on topics such as blockchain, cybersecurity, and virtual asset management. This initiative aims to increase the practical use of digital technologies and distributed ledger technologies.
Changpeng Zhao commented, “I want to emphasize that this effort is highly significant.”
The parties plan to implement digital transformation projects expected to contribute significantly to the local economy by 2030. Educational programs and consulting services will be crucial steps toward developing digital infrastructure. CZ is known for providing similar consulting services and supporting various international projects. Additionally, his contributions to disaster relief efforts under social responsibility expand the scope of this collaboration.
The signed agreement lays the groundwork for applications that can accelerate the integration of digital technologies into the local economy. We can expect that the efforts within the framework of the protocol will positively impact the development of technological infrastructure.
During the implementation process, plans are in place to organize various educational programs to encourage the public to adopt digital technologies. This step could pave the way for new projects in the country’s digital transformation process.
The execution of this agreement is viewed as part of steps to enhance technological advancements in the local economy and strengthen digital infrastructure. The collaboration, through actions in both technology and education, could support digital transformation across the entire country.
