Binance, the world’s largest cryptocurrency exchange, has signed three memorandums of understanding with key entities and institutions in Kazakhstan.

 

In a blog post announcing the agreements, Binance said the MoUs focus on key sectors of Kazakhstan’s economy and were signed with the Ministry of Artificial Intelligence and Digital Development, the National Bank of Kazakhstan, and the Astana International Financial Centre (AIFC).

 

Under the memorandum signed with Kazakhstan’s Ministry of Artificial Intelligence and Digital Development, Binance will cooperate on digital assets, digital and computing infrastructure, and innovative payment solutions, while exploring the possibility of issuing a stablecoin backed by the Kazakhstani tenge.

 

The second memorandum, signed with the National Bank of Kazakhstan, focuses on building payment and digital financial infrastructure, with Binance and the National Bank potentially exploring opportunities to position Kazakhstan as a regional payments and fintech hub.

 

To ensure the initiative is practically implemented and moves beyond a paper plan, Binance and the National Bank of Kazakhstan have already created a roadmap outlining the different phases for building payment infrastructure, obtaining licenses, and launching new payment products.

 

The third memorandum, signed between Binance and the Astana International Financial Centre (AIFC), is aimed at strengthening cooperation under the Investment Tax Residency Programme and expanding the potential use of digital assets as part of Kazakhstan’s modern investment infrastructure.

 

According to Renat Bekturov, Governor of the Astana International Financial Centre, the expansion will enable investors to better access new opportunities within the AIFC ecosystem and contribute to the further development of Kazakhstan’s digital asset market.