Kyrgyzstan

Kyrgyzstan Shuts Down USDKG: What Happened to Its State-Backed Gold Stablecoin?

The government of Kyrgyzstan has ordered the shutdown of USDKG, its state-backed gold stablecoin, and instructed the Ministry of Finance to liquidate EVA, the company that issued it, along with Coin Nomad Exchange, the country’s first state-owned crypto trading platform. The official explanation is optimising state participation and improving the

October 8, 2026 2 mins read

Kyrgyzstan Takes Major Step Toward Digital Currency Implementation

President Sadyr Zhaparov made Kyrgyzstan one step closer to becoming part of the few countries operating central bank digital currencies (CBDCs). He signed on constitutional amendments, which introduced the legal framework for the digital som. This legislation outlines the future CBDC launch framework. Meanwhile, the National Bank of the Kyrgyz

April 18, 2025 2 mins read