Kazakhstan and Binance discussed the issuance of a stablecoin and the development of digital payments

Jaslan Madiev held a meeting with Binance founder Changpeng Zhao. As part of the implementation of the Head of State's directives on the active development of digitalization and artificial intelligence, the Deputy Prime Minister — Minister of Artificial Intelligence and Digital Development of the Republic of Kazakhstan, Jaslan Madiev, met with Binance founder Changpeng Zhao at the International AI Center Alem.ai.

The parties discussed the development of Kazakhstan's digital economy, the implementation of advanced technologies, as well as the prospects for computing infrastructure.

Jaslan Madiev, Deputy Prime Minister — Minister of Artificial Intelligence and Digital Development of the Republic of Kazakhstan

During the visit, the delegation presented the CryptoCity concept in Alatau City and the Data Center Valley project, aimed at strengthening the country's position as a regional AI hub. Additionally, a partnership between Binance Pay and Alatau City Bank was presented, along with the signing of two memorandums — with the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan and with the MFCA.

The first document provides for the development of cooperation in the field of digital assets, digital and computing infrastructure, as well as innovative payment solutions. Key areas include the issuance of a stablecoin in Kazakhstan, further development of infrastructure for payments using digital assets, improvement of tax and judicial approaches in the field of digital assets, as well as the introduction of new products and services.

The second concerns the development of cooperation within the Investment Tax Residency Program. In turn, Changpeng Zhao positively assessed the scale of Kazakh initiatives and also visited educational projects Astana Hub — TUMO Astana and Tomorrow School, aimed at training personnel for the technology market.

Changpeng Zhao, founder of Binance

Kazakhstan today demonstrates very dynamic development of the digital economy. The scale of projects that combine technology, education, infrastructure, and new approaches to urban development is particularly impressive. It was important for me to personally see how these initiatives are implemented in practice and to discuss with representatives of Kazakhstan the further development of the country's technological ecosystem.

As a result of the meeting, it was noted that the signed agreements and presented infrastructure projects confirm Kazakhstan's consistent transition from creating a regulatory framework to the practical implementation of digital financial solutions, the preparation of specialized personnel, and strengthening the country's status as a leading technological center in the region.

Source: gov.kz