Binance Partners With Kazakhstan Government, Financial Institutions to Explore Local Stablecoin

Binance, the global cryptocurrency exchange, is working with the Kazakhstan government and local financial institutions in a strategic partnership aimed at expanding its digital-asset business in the country.

Cointelegraph reported on September 4 that Binance said it had signed three strategic agreements with the Kazakhstan government and financial institutions.

The agreements include reviewing the possible introduction of a local stablecoin in Kazakhstan and expanding the use of cryptocurrency payments.

Binance also plans to pursue cooperation to build digital-asset investment infrastructure in Kazakhstan.