- CZ has partnered with Kyrgyzstan to advise on blockchain integration and crypto regulation.
- Kyrgyzstan leveraged hydropower and tech innovation to drive sustainable Web3 growth.
Changpeng Zhao, the former CEO of Binance [BNB], is stepping into a new advisory role in Central Asia.
He has now partnered with Kyrgyzstan’s National Investment Agency (NIA) to support the country’s Web3 transformation.
Through a newly signed MoU, Zhao will provide strategic guidance on blockchain adoption and crypto regulations, integrating digital assets into Kyrgyzstan’s economic framework.
Kyrgyzstan’s president and CZ join hands
Remarking on the same, CZ took to X (formerly Twitter) and noted,
“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.”
In response to the CZ post, Zhaparov said,
“This cooperation marks an important step towards strengthening technological infrastructure, implementing innovative solutions, and preparing highly qualified specialists in blockchain technologies, virtual asset management, and cybersecurity.”
Why did CZ choose Kyrgyzstan?
CZ chose Kyrgyzstan due to its rapid rise as a key player in the global crypto ecosystem, driven by its strategic use of natural resources and innovative blockchain initiatives.
Renamed the Kyrgyz Republic in 1993, the landlocked country is rich in renewable energy, particularly hydropower, which currently contributes over 30% to its energy supply.
Yet, with only a fraction of its hydroelectric potential tapped, the region offers immense capacity for sustainable crypto mining.
Unlike El Salvador’s high-risk Bitcoin gamble, Kyrgyzstan is being dubbed “El Salvador 2.0” for its more balanced approach.
For the uninitiated, teh country will blend gold-backed financial stability with blockchain-driven transparency.
This progressive stance underscores the broader surge in crypto activity across Central and Southern Asia and Oceania (CSAO).
As per Chainalysis’ latest report, CSAO received over $750 billion in crypto inflows between July 2023 and June 2024, making it the third-largest crypto market globally.
CZ and its efforts to boost blockchain post prison
Zhao’s post-Binance chapter is swiftly taking shape as he reemerges on the global stage, not as an exchange chief but as a sought-after blockchain strategist.
After serving a 4-month sentence in the U.S. for breaching anti-money laundering laws, CZ has shifted focus toward advising nations on digital asset integration.
Malaysia’s Prime Minister Anwar Ibrahim personally consulted him in January.
CZ’s presence has also been noted in high-level discussions in the UAE and crypto-forward Bhutan, though the specifics remain undisclosed.
Beyond policy, CZ is actively investing in blockchain, AI, and biotech ventures.
His philanthropic side remains prominent, too, recently donating 500 BNB (around $300,000) toward earthquake relief in Thailand and Myanmar.
Meanwhile, BNB traded at $596.99 after a 1.18% in the past 24 hours at press time, per CoinMarketCap.
