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Kyrgyzstan solidifies role as Central Asia’s leading crypto hub with progressive legislation and launch of USDKG

  • Kyrgyzstan has emerged as Central Asia’s leader in digital assets with progressive legislation supporting blockchain innovation.
  • The country implemented the Law 'On Virtual Assets' in 2022, defining virtual assets and introducing licensing requirements for VASPs.
  • The National Bank allowed commercial banks to offer crypto services, driving a significant increase in digital asset turnover.
  • Kyrgyzstan's unified tax code for crypto activities and launch of USDKG stablecoin demonstrate its commitment to innovation and regulation.

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