Kyrgyzstan Holds Fort Promising Market For Binance (Exclusive)
Date
5/25/2024 3:09:10 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 25. Kyrgyzstan is amarket with high potential for Binance, Binance's head of Centraland Eastern Europe (CEE) and Central Asia, Kyrylo Khomiakov said,Trend reports.
"Kyrgyzstan is an interesting and high-potential market forBinance as the leader of the CIS Cryptocurrency market. Theintroduction of CryptoCurrencies into Kyrgyz people's everydaylives is unstoppable," he noted.
The Kyrgyz community is showing significant interest incryptocurrencies and the cryptocurrency industry in general,according to the regional head.
"Kyrgyzstan is open to innovation; there are many projects herethat involve technologically advanced companies, including cryptoexchanges. The basic framework is ready, but in my opinion,regulators and legislators need to interact more and shareexperience with the industry to hear the voice of the market andadapt to attract investment," Khomyakov emphasized.
He also stated that Binance's activities in Kyrgyzstan areprimarily focused on the development of global crypto exchangeproducts and their availability to users.
"Educational initiatives are a priority. We recently announcedthe launch of a large-scale online educational project called"Crypto School." Under this initiative, millions of users fromKyrgyzstan will be able to get the basic knowledge about blockchainand cryptocurrencies free of charge," Khomyakov added.
To note, for trading volume, Binance is the largestcryptocurrency exchange with over 190 million users in 180countries.
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