Lawmakers in Kyrgyzstan approved legislation to establish state-controlled crypto mining, a national digital asset reserve, and a licensing framework for cryptocurrency activities.
Kyrgyzstan’s Parliament has approved a bill that introduces state-backed cryptocurrency mining, establishes a national crypto reserve, and creates a licensing system for digital assets. The measure formalizes government involvement in the digital asset sector, aiming to regulate mining operations and set a framework for crypto-related activities in the country.