Category: Kyrgyzstan

Former gov’t official blames crypto mining for energy crisis in Kyrgyzstan

April 28, 2021

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As the Kyrgyz government discusses raising electricity tariffs again, a former official says that crypto mining is a significant driver of the ongoing energy crisis. 5954 Total views 32 Total shares Amid growing concerns over the energy sector in Kyrgyzstan, a former government official has argued that cryptocurrency mining is a major factor driving the […]

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Kyrgyzstan central bank plans to introduce licenses for crypto exchanges

February 12, 2021

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The central bank of the Kyrgyz Republic wants to provide crypto investors with the same level of protection that is already in place in traditional finance. 1129 Total views 21 Total shares The National Bank of the Kyrgyz Republic, or NBKR, is reportedly planning to introduce a licensing regime for cryptocurrency exchanges in a move […]

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Kyrgyzstan Has Proposed Its First Regulatory Framework for Crypto

January 8, 2021

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Jan 8, 2021 at 2:45 p.m. UTC Kyrgyzstan Has Proposed Its First Regulatory Framework for Crypto The National Bank of Kyrgyzstan has published draft legislation that would legally define cryptocurrency and how it may be used in the Central Asian nation. With the proposed legislation, the central bank is following the call of the Financial […]

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Kyrgyzstan’s central bank developing draft law for cryptocurrency industry

November 16, 2020

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Solid crypto regulations would be a long time coming for Kyrgyzstan. 2512 Total views 47 Total shares The central bank for the Central Asian country of Kyrgyzstan is working on a draft law to regulate the cryptocurrency industry in the country. According to an announcement on Nov. 13, the National Bank of the Kyrgyz Republic […]

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Kyrgyzstan’s acting president claims blockchain can ensure fair elections

October 20, 2020

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Can a technological fix really combat a corruption-ridden political order? 3314 Total views 34 Total shares Kyrgyzstan’s acting President and Prime Minister Sadyr Japarov has proposed introducing a blockchain-based system to ensure fair elections in the near future and restore public faith in the democratic process. On Oct. 20, Japarov reportedly told Al-Jazeera television channel […]

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