The small Central Asian nation of Kyrgyzstan has introduced the launch of a brand new US dollar-pegged, gold-backed stablecoin, USDKG, issued by a totally government-owned entity. The brand new stablecoin combines the perceived power and stability of a government-issued, gold-backed token, with the velocity and comfort of digital foreign money,Continue Reading
Kyrgyzstan formally launched KGST, a stablecoin pegged 1:1 to the som, as a part of a legislative package deal referred to as the “digital storm.” The nation can be piloting a separate Central Financial institution Digital Foreign money (CBDC), the “digital som,” which might be examined in three phases forContinue Reading
Kyrgyzstan’s parliament passed amendments enabling a national crypto reserve and new digital asset regulations. The bill introduces frameworks for stablecoins, tokenised assets, and oversight of service providers and exchanges. Final approval depends on President Sadyr Japarov, who recently legalised the country’s digital som CBDC. Kyrgyzstan’s parliament has approved amendments toContinue Reading
