
Kyrgyzstan MP: We must regulate digital currencies and develop a CBDC
The MP told parliament that “nothing is growing as fast as cryptocurrency” and the government must regulate them to make Kyrgyzstan a regional Bitcoin hub.
The MP told parliament that “nothing is growing as fast as cryptocurrency” and the government must regulate them to make Kyrgyzstan a regional Bitcoin hub.
Kyrgyzstan’s government developed draft regulations for police exchanges, with the ministry claiming this would foster innovation and growth of a digital economy.
Kyrgyzstan wants to formally regulate its digital currency industry, starting off with a licensing regime for exchanges.
After once banning cryptocurrency, Kyrgyzstan has change its stance drastically once they discovered that taxing it would be more profitable.
Schools in Kyrgyzstan will soon gain access to the internet all thanks to blockchain technology, thanks to UNICEF and the the government of Kyrgyzstan.