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AI & Enterprise

Douzone Bizon to work with Kyrgyz national investment agency on digital transformation

Douzone Bizon said on Monday it signed a memorandum of understanding with Kyrgyzstan’s National Investment Agency under the president to cooperate on digital transformation and the development of the digital economy. The agreement was signed in Seoul by the agency’s head, Ravshanbek Sabirov, and Douzone Bizon co-CEO Ji Yong-gu. The two sides plan to share experience in digitising corporate activity and linking companies with tax authorities, and to cooperate on building a digital ecosystem using AI, cloud and data technologies.

Crypto

Kyrgyzstan emerges as \'crypto Switzerland\' and targets Central Asia hub

Kyrgyzstan is moving to build a Central Asian digital asset hub, backed by two state-level stablecoins and a large gold storage facility. A local fintech consultant said a dollar-pegged token is backed by physical gold bought by the finance ministry and stored in a new national vault, with the ministry holding all tokens. A second stablecoin is based on the som and launched on BNB Smart Chain with Binance.