Kyrgyzstan quickly legislated to become the Central Asian crypto hub and appointed CZ as an advisor
06-05 00:27
Odaily News Kyrgyzstan is emerging as a major cryptocurrency hub in Central Asia due to its rapid implementation of crypto regulations. As of October 2024, 126 VASPs have been licensed, the most in the region; crypto-related transactions reached $4.2 billion in the first seven months of 2024. The government supports the gold-collateralized stablecoin USDKG and allows banks to provide crypto services. In April 2025, Kyrgyzstan officially appointed Binance founder Changpeng Zhao (CZ) as a blockchain and Web3 policy advisor, demonstrating its strategic direction of embracing compliant crypto innovation.
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