Kyrgyzstan News

Kyrgyzstan President Sadyr Japarov claims that Changpeng “CZ” Zhao proposed establishing a private bank that also deals in cryptocurrency.

Building momentum through new integrations and regional partnerships, the project is getting ready for international rollout.

A stablecoin is now live in Kyrgyzstan, which confirmed plans to launch a CBDC and explore a national crypto reserve after meeting with strategic adviser Changpeng Zhao.

Despite sanctions and scrutiny, the ruble-backed A7A5 stablecoin surged 250% in a day to reach a $500 million market cap, overtaking all non-US dollar rivals.

Kyrgyz ministers explain how new laws, infrastructure and a gold-backed stablecoin will attract global builders and investors.

A behind-the-scenes look at how Kyrgyzstan is building a gold-backed stablecoin with government support and blockchain transparency.

Kyrgyz lawmakers passed amendments to the “On Virtual Assets” bill in three readings, defining terms like a state crypto reserve and state crypto mining.

The UK sanctioned Kyrgyz banks, crypto exchanges and individuals tied to Russia’s ruble-backed stablecoin.

Kyrgyzstan’s decision to enact clear crypto regulations in a region often marked by uncertainty is rapidly turning it into a potential safe harbor for decentralized finance.

William Campbell from USDKG discusses the project’s unique stablecoin model and how the Kyrgyz government backs the stablecoin.

Kyrgyzstan signed a memorandum of understanding with Binance to launch Binance Pay in the country.

Binance has partnered with Kyrgyzstan to roll out crypto payments and launch blockchain education programs in the country.

Kyrgyzstan President Sadyr Zhaparov signed CBDC law giving the country’s central bank permission to launch the “digital som” in the future.

With the launch of a state-backed stablecoin, Kyrgyzstan continues to make its mark among other Central Asian countries and asserts itself as a player in global digital finance.

Gold-collateralized stablecoin approach ensures long-term security and trust in the evolving digital economy.