😎Kyrgyzstan🇰🇬: Parliament Approves law on virtual assets

😎Kyrgyzstan🇰🇬: Parliament Approves law on virtual assets

The newly passed regulation sets out requirements for stablecoins and real-world asset (RWA) tokens, while also introducing the concepts of “state mining” and a national “crypto reserve”.

▶️The president will appoint the regulatory authority, which will oversee the registration of miners, define technical standards for equipment, and manage the licensing process for legal entities engaged in virtual asset activities.

▶️The legislation also envisions the creation of a regulatory sandbox to test innovative projects under controlled conditions.

▶️In cooperation with the government, Binance and BNB Chain have pledged to help design the structure of the crypto reserve, assess risks, develop asset allocation models, and implement international standards for security and transparency. Notably, Binance founder Changpeng Zhao was previously appointed public advisor to the President of Kyrgyzstan on digital asset development.

▶️Context: according to the Ministry of Economy’s 2025 report, the crypto industry contributed around 3% to Kyrgyzstan’s GDP, a sharp rise compared to previous years. The number of registered crypto exchanges increased from 5 in 2023 to 15 in 2025, reflecting steady growth. In addition, nearly 20% of Kyrgyz citizens reported having carried out cryptocurrency transactions this year.

#news #crypto #CentralAsia

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