Kyrgyzstan News

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.

As El Salvador struggles with Bitcoin adoption, Kyrgyzstan embraces a gold-backed stablecoin and organized blockchain strategy.

Kyrgyzstan launches a gold-backed stablecoin that prioritizes transparency, financial inclusion and real-world utility over centralized control.

Kyrgyzstan is considered an ideal destination for cryptocurrency miners due to its untapped renewable energy resources.

The small Central Asian country is currently taking public comments on its framework legislation.

Kyrgyzstan’s untapped hydroelectric capacity could make it a future mining powerhouse, but progress has been slow.