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🇰🇬 Kyrgyzstan /Technology

Binance Founder Urges Kyrgyzstan Not to Tighten Crypto Regulation

From 24.kg · () Russian

Translated from Russian and summarized by DistantNews. Read the original for the full story.

At a glance

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  • Binance founder Changpeng Zhao urged Kyrgyzstan to keep developing its virtual-asset market and establish clear, transparent rules for businesses.
  • Speaking at a national council meeting, Zhao warned that excessively strict or unclear regulation could drive innovative companies to other jurisdictions.
  • He also offered support for education programs in financial and technological literacy and the training of industry specialists.

Binance founder Changpeng Zhao has urged Kyrgyzstan to avoid overly tight crypto rules as the country builds its regulatory framework for virtual assets.

Zhao made the comments while attending a meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies at Lake Issyk-Kul. He said Kyrgyzstan’s political will and the authorities’ openness toward the new technology sector were among the country’s main advantages.

The country 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 warned that excessively strict or unclear rules could push innovative companies into other jurisdictions.

Zhao said regulation should be transparent, understandable and technologically neutral. He also highlighted the need to train developers, lawyers, cybersecurity specialists and financial analysts for the sector.

The Binance founder said he was ready to support education programs focused on financial and technological literacy in Kyrgyzstan. He became a public adviser to President Sadyr Japarov on digital-asset development in May 2025. The two sides also discussed virtual assets, blockchain technologies, cybersecurity and the launch of a digital som.

Regulation should not only limit risks, but also create opportunities.

· Changpeng ZhaoZhao argued that Kyrgyzstan’s crypto rules should support innovation as well as manage risk.
About this summary

Originally published by 24.kg in Russian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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