{"id":76082,"date":"2025-09-10T15:17:02","date_gmt":"2025-09-10T12:17:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76082"},"modified":"2025-09-10T15:20:09","modified_gmt":"2025-09-10T12:20:09","slug":"kyrgyzstan-approves-bill-for-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/kyrgyzstan-approves-bill-for-bitcoin-reserve\/","title":{"rendered":"Kyrgyzstan Approves Bill for Bitcoin Reserve"},"content":{"rendered":"<p>Kyrgyzstan&#8217;s parliament has approved the &#8220;On Virtual Assets&#8221; bill in three readings, which regulates the cryptocurrency market in the country. This was reported by <a href=\"https:\/\/24.kg\/english\/342980_Parliament_approves_bill_on_introduction_of_state_cryptocurrency_mining_tools\/\">local media<\/a>.<\/p>\n<p>The document introduces definitions for key types of assets, particularly highlighting fiat-backed stablecoins and RWA tokens.<\/p>\n<p>The president has been granted the authority to establish rules for the issuance, circulation, and regulation of cryptocurrencies. Regulatory &#8220;sandboxes&#8221; are being introduced to test innovative services and technologies.<\/p>\n<p>The creation of a state cryptocurrency reserve and the launch of mining using state infrastructure and resources are also envisaged. Participants in the process must register and comply with equipment requirements.<\/p>\n<p>Oversight of the crypto market is divided between two authorized bodies: one will issue licenses to virtual asset service providers, and the other will monitor compliance with requirements, including anti-money laundering and counter-terrorism financing measures.<\/p>\n<p>Earlier, Kyrgyzstan announced the <a href=\"https:\/\/forklog.com\/en\/news\/kyrgyzstan-to-launch-gold-backed-stablecoin-usdkg\">launch of the gold-backed stablecoin<\/a> USDKG in the third quarter of 2025. The coin will be pegged to the US dollar at a 1:1 ratio and backed by a $500 million gold reserve.<\/p>\n<p>In April, Binance founder Changpeng Zhao <a href=\"https:\/\/forklog.com\/en\/news\/cz-to-advise-kyrgyz-government-on-cryptocurrency-matters\">became an advisor<\/a> to the Kyrgyz government on cryptocurrency and blockchain matters. Among his proposals to President Sadyr Japarov was to include Bitcoin and BNB in the national crypto reserve.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kyrgyzstan&#8217;s parliament has approved the &#8220;On Virtual Assets&#8221; bill in three readings, regulating the cryptocurrency market in the country.<\/p>\n","protected":false},"author":1,"featured_media":76084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Kyrgyzstan's parliament approves cryptocurrency regulation bill.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1641,141,36],"class_list":["post-76082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-reserves","tag-kyrgyzstan","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"323","promo_type":"1","layout_type":"1","short_excerpt":"Kyrgyzstan's parliament approves cryptocurrency regulation bill.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=76082"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76082\/revisions"}],"predecessor-version":[{"id":76085,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76082\/revisions\/76085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/76084"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=76082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=76082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=76082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}