BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Kyrgyzstan Legislates State Crypto Reserve in Sweeping Regulatory Overhaul
Kyrgyzstan Legislates State Crypto Reserve in Sweeping Regulatory Overhaul
9
3
BTCCSquare news:
Kyrgyzstan has embedded a framework for national cryptocurrency reserves within broader legislative reforms, signaling a strategic embrace of digital assets at the state level. The amendments to the "On Virtual Assets" law establish government-controlled crypto accumulation and mining operations, bypassing traditional financial oversight bodies.
Regulatory authority shifts from the Financial Market Regulation and Supervision Service to a new presidential-appointed entity, centralizing control over the sector. The move positions Kyrgyzstan among the first nations to formalize state-held crypto reserves alongside licensed private market operations.
By:
