Former Binance CEO Changpeng “CZ” Zhao will begin to advise the Kyrgyz Republic in Blockchain and crypto regulations after signing a memorandum of understanding the foreign investment agency of the country.
“I am officially and do not officially advise some governments on their crypto regulations and blockchain solutions for GOV efficiency, expansion of blockchain to more than trading,” the Crypto businessman Says In an April 3 X post, he added that he found this work “quite significant.”
His comments came in response to an earlier X post from Kyrgyzstan President Sadyr Zhaparov announcement That Kyrgyzstan’s National Investment Agency (NIA) has signed a memorandum with the CZ to provide technical expertise and consulting services for the country in Central Asia.
The NIA is responsible for promoting foreign investments and helping international companies in recognizing domestic business opportunities.
Source: Changpeng Zhao
“This cooperation marks an important step towards strengthening technological infrastructure, implementing innovative solutions, and preparing highly qualified specialists on blockchain technologies, virtual asset management, and cybersecurity,” Zhaparov said.
The President of Kyrgyzstan added: “Such initiatives are essential for the sustainable economic growth and the security of virtual ownership, which ultimately develops new opportunities for businesses and societies as a whole.”
Kyrgyzstan, who officially changed its name from the Kyrgyzstan Republic to the Kyrgyz Republic in 1993, was a mountainous, locked country.
It is considered -ang Well suited for crypto mining surgery because of its abundance changeable sources of energy, Most of these are underutilized.
More than 30% of Kyrgyzstan’s total energy supply is derived from hydroelectric power plants, but only 10% of the country’s potential hydropower is formed, according to A Report of the International Energy Agency.
CZ met with many other state officials in Asia
Malaysia recently Tinapik The CZ for guide to crypto -related matters, with prime minister Anwar Ibrahim personally met him in January.
CZ also met with UAE officers and Bitcoin-stacking country Bhutan – However, it is unclear what those meetings are.
Related: Is Bitcoin future in circular economies or national reserves?
The latest CZ wishes come a little bit in six months after he is free from a Four -month prison in the US for breaking many Anti-Money Laundering Laws.
Ever since the release, the CZ has made investments in blockchain tech, Artificial intelligence and biotechnology companies.
CZ also recently ddonated 1,000 BNB (Bnb) – costs about $ 600,000 – to support Earthquake Effort Efforts in Thailand and Myanmar after a natural disaster in late April.
Magazine: Financial nihilism finished in crypto – it’s time to dream again big
