On February 3, Binance and the National Bank of Kazakhstan submitted a bilateral report on the status of the digital asset industry and DeFi in Central Asia. This joint report analyzes the adoption of cryptocurrencies, general DeFi trends and the local digital asset industry, as well as the regulatory environment in CIS countries and major trends that require close supervision. The key is investment in skills and technology to understand the challenges/opportunities brought by DeFi, including the source of data used by oracles to support smart contracts and the irrational behavior of users. The joint report emphasizes the importance of financial and digital literacy in reducing risks, including the need to develop expertise among regulators and law enforcement agencies to build relevant capabilities for regulatory design and further supervision.