Huobi Technology will work with the Kyrgyz Ministry of Investment and Enterprise to complete a cryptocurrency transaction.

In the September 23 news, Huobi Technology (01611) announced that on September 22, 2021, the company and the Kyrgyz Ministry of Investment and Enterprise signed a Memorandum of Understanding (MoU) doing business in Kyrgyzstan. The Republic, the Ministry of Investment and Enterprise and the company have agreed to cooperate on the basis of equality, goodwill, respect and trust in the use of cryptocurrency trading projects. , establish cooperation between social enterprises and contribute to the development of the digital economy of Kyrgyzstan. Republic. The Board of Directors considers that the signing of the Memorandum of Understanding is in line with the Group's business objectives and is in the interest of the Group and of the Company as a whole. The board believes that business cooperation can (if obtained) be sought as the deal will provide a better way of doing business in Kyrgyzstan, allowing the group to expand its business into Central Asian markets and to expand its consumer products and services. (Gitong Financial Network)