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by
Anthonia Isichei
on
January 6, 2021 Regulation
Kyrgyzstan’s central bank has issued draft crypto regulations that will create a legal framework for the country’s crypto industry. The move forms the latest effort by the government to leverage the growing virtual currency adoption in the country while providing adequate investor protection.
Kyrgyzstan’s Crypto Regulations
The National Bank of the Kyrgyz Republic has announced the drafting of two bills concerning crypto regulations in the country. According to a statement by the central bank, the two bills are titled: “On Amendments to Legislative Acts in the Field of Crypto-assets” and “On the Processing of Crypto-assets.”