Latest News and Articles about Kyrgyzstan
Kyrgyzstan’s Gold-Backed USDKG Stablecoin Launching Q3 2024 Amid ECB’s Digital Euro Tests
Kyrgyzstan’s Gold-Backed USDKG Stablecoin Set for Q3 Launch Amid ECB’s Digital Euro Exploration Kyrgyzstan is set to introduce its USDKG stablecoin in Q3 2024, aiming to lower remittance costs and enhance financial inclusion. Meanwhile, the ECB is delving into the potential of a digital euro, engaging 70 participants in its innovation hub. These moves reflect […]
Read MoreBinance Partners with Kyrgyzstan to Revolutionize Crypto Payments and Education
Binance Partners with Kyrgyzstan to Boost Crypto Payments and Financial Literacy Ever thought about using crypto to buy your lunch in Kyrgyzstan? Thanks to Binance’s new partnership, that could soon be a reality. Binance and Kyrgyzstan’s National Investment Agency sign MOU for crypto payments. Initiative includes educational programs to boost digital financial literacy. Kyrgyzstan plans […]
Read MoreKyrgyzstan Unveils Digital Som CBDC, Targets 2026 Launch with Blockchain Tech
Kyrgyzstan Launches Digital Som CBDC, Aiming to Leverage Blockchain Technology Kyrgyzstan has embarked on a significant financial transformation by introducing the “digital som,” a Central Bank Digital Currency (CBDC), which is a digital version of its national currency. On April 17, President Sadyr Zhaparov signed the legislation authorizing the National Bank of the Kyrgyz Republic […]
Read MoreKyrgyzstan and Binance Founder CZ Partner to Boost Blockchain and Launch Digital Som
Kyrgyzstan Joins Forces with Binance Founder to Revolutionize Blockchain Infrastructure Kyrgyzstan is taking significant steps towards a digital future by partnering with Changpeng Zhao, the founder of Binance, to enhance its blockchain and cryptocurrency ecosystem. This collaboration, formalized through a Memorandum of Understanding (MoU), aims to develop technical expertise, infrastructure, and educational programs in blockchain […]
Read MoreKyrgyzstan’s Crypto Mining Tax Revenue Plummets 50% Due to Rising Energy Costs
Kyrgyzstan, once a magnet for crypto miners due to its cheap power, now faces a decline in mining tax revenue, which has tumbled by 50% to approximately $535,000 in 2024. This sharp downturn stems from soaring electricity costs and a dwindling mining sector, raising concerns about the nation’s energy policies and economic strategies. Kyrgyzstan’s crypto […]
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