Binance founder urges Kyrgyzstan not to tighten crypto market regulation

Changpeng Zhao has urged Kyrgyzstan to keep developing its virtual asset market without allowing regulation to become so strict or unclear that companies look elsewhere.

Speaking at a meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies in the Issyk-Kul region, the Binance founder praised what he described as the authorities’ political will and openness toward emerging technologies. Kyrgyzstan is gradually developing rules covering licensing, stablecoins and the tokenization of real-world assets.

“Regulation should not only limit risks but also create opportunities,” Zhao said. He argued that the rules should be transparent, clear and technology-neutral. Excessively strict or ambiguous requirements, he warned, could prompt innovative companies to move to other jurisdictions.

Zhao also highlighted the need to train specialists for the sector, including developers, lawyers, cybersecurity experts and financial analysts. He said he was ready to support educational programs designed to improve financial and technological literacy in Kyrgyzstan.

Zhao became a public adviser to President Sadyr Japarov in May 2025, after the two met in Cholpon-Ata to discuss virtual assets, blockchain technologies, cybersecurity and the launch of the digital som. In May 2026, presidential press secretary Askat Alagozov said Zhao remained the head of state’s only public adviser.

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Regulation should not only limit risks but also create opportunities.