Kyrgyzstan plans to use USDKG, a gold-backed stablecoin, as legal tender to support financial modernization. The country saw crypto mining tax revenue …
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Tag:
Kyrgyzstan
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Adoption
Binance founder advises Kyrgyzstan to adopt Bitcoin and BNB for national crypto reserve
by shayaanby shayaanBinance founder Changpeng Zhao has recommended that Kyrgyzstan consider Bitcoin and BNB as the first assets in building its National Crypto Reserve. …
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Kyrgyzstan President Sadyr Japarov took his country a step closer to issuing its own central bank digital currency Thursday, signing legislation that …
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Regulation
Binance Founder Changpeng Zhao Partners With Kyrgyzstan To Help Develop a National Crypto Ecosystem
by shayaanby shayaanThe country of Kyrgyzstan and the founder of the world’s leading crypto exchange just inked a deal to advance crypto technologies in …
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Former Binance CEO Changpeng Zhao (CZ) has signed a memorandum of understanding (MoU) with the Kyrgyz Republic to support the growth of …
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Kyrgyzstan launched USDKG, a gold-backed stablecoin, shifting focus from central bank digital currency (CBDC) to asset-backed digital alternatives. USDKG aims to build …
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Mining
Kyrgyzstan crypto mining tax collection falls 50% year-over-year in 2024
by shayaanby shayaanA report on the 2024 Kyrgyz government revealed crypto mining taxes contributed only around $535,000. This value dropped by nearly half compared …
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Kyrgyzstan’s central bank has proposed legal changes to legalize the digital currency as legal tender. The National Bank of Kyrgyzstan has initiated …