Kyrgyzstan | ForkLog

ForkLog 74 12.11.2025

Kyrgyzstan Shuts Down All Mining Farms Amid Power Shortage

On November 12, all mining farms in Kyrgyzstan were disconnected from the power supply due to an electricity shortage.

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ForkLog 114 26.10.2025

Kyrgyzstan Plans Launch of Stablecoin and CBDC

Kyrgyzstan is set to release a som-pegged stablecoin, KGST, on the BNB Chain blockchain. The country is also preparing to test CBDC, announced President Sadyr Japarov.

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ForkLog 228 10.09.2025

Kyrgyzstan Approves Bill for Bitcoin Reserve

Kyrgyzstan's parliament has approved the "On Virtual Assets" bill in three readings, regulating the cryptocurrency market in the country.

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ForkLog 30 27.06.2025

Grinex Responds to Financial Times Investigation on A7A5 Ruble Stablecoin

Representatives of the cryptocurrency exchange Grinex have responded to a Financial Times investigation regarding the circumvention of sanctions using the A7A5 ruble stablecoin. According to the publication, approximately $9.3 billion in A7A5 tokens passed through the platform over four months. In comments to ForkLog, the Kyrgyz crypto platform stated that transactions from CIS countries are […]

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ForkLog 39 05.05.2025

Kyrgyzstan to Launch Gold-Backed Stablecoin USDKG

Kyrgyzstan has announced the launch of the gold-backed stablecoin USDKG in the third quarter of 2025. This was revealed by project advisor Gabriel Guerra at the Token2049 conference, reports CoinDesk. The coin will be pegged to the US dollar at a 1:1 ratio and backed by Kyrgyzstan’s Ministry of Finance’s gold reserves worth $500 million. […]

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ForkLog 5 04.05.2025

Binance and Kyrgyzstan Forge Strategic Partnership

The largest cryptocurrency exchange, Binance, has joined forces with the National Investment Agency under the President of Kyrgyzstan to advance the digital assets sector. This was reported to ForkLog by representatives of the agency.

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ForkLog 16 17.04.2025

Kyrgyzstan Launches Pilot for Digital Som

The President of Kyrgyzstan, Sadyr Japarov, signed amendments to the law “On the National Bank,” enabling the launch of a pilot project for a prototype of the national digital currency. According to the document, the digital som is recognized as legal tender within the country. The National Bank holds the exclusive right to issue it. […]

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ForkLog 37 04.04.2025

CZ to Advise Kyrgyz Government on Cryptocurrency Matters

Binance founder Changpeng Zhao (CZ) has become an advisor to the Kyrgyz government on cryptocurrency and blockchain issues. I officially and unofficially advise a few governments on their crypto regulatory frameworks and blockchain solutions for gov efficiency, expanding blockchain to more than trading. I find this work extremely meaningful. — CZ ? BNB (@cz_binance) April […]

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ForkLog 38 10.03.2025

Kyrgyzstan Raises Capital Requirement for Bitcoin Exchanges to $100 Million

The Cabinet of Ministers of Kyrgyzstan has increased the minimum capital requirement for cryptocurrency exchanges from 100 million to 10 billion soms (from $1.14 million to $114.3 million), according to local media. Amendments were made to the resolution “On the Regulation of Relations Arising from the Circulation of Virtual Assets.” The document was signed by […]

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ForkLog 19 04.03.2025

Kyrgyzstan Withdraws Allegations Against Cryptocurrency Firms

On March 3, the State Financial Intelligence Service under the Ministry of Finance of Kyrgyzstan (SFIS) removed cryptocurrency companies from the list of organizations “suspected of involvement in money laundering.” The resolution is in a restricted section of the website, but several Telegram channels have shared the file. According to the order, 20 companies were […]

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ForkLog 21 28.02.2025

Kyrgyzstan Links Several Crypto Firms to Money Laundering

On February 26, the State Financial Intelligence Service under the Ministry of Finance of Kyrgyzstan (SFIS) included several cryptocurrency companies in a list of organizations “suspected of involvement in laundering criminal proceeds.” The resolution is in a restricted section of the website, but several Telegram channels have shared the document. The list comprises 22 companies, […]

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ForkLog 16 27.12.2024

Kyrgyzstan’s Tax Revenue from Cryptocurrency Miners Halves

In 2024, cryptocurrency mining taxes contributed over 46.6 million Kyrgyz soms ($535,000) to the national budget of Kyrgyzstan, according to a report by the Ministry of Economy and Finance. However, local media report that this figure represents a 50% year-on-year decline. In 2023, miners paid 93.7 million soms (over $1 million) in taxes. Source: Ministry […]

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