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Kyrgyzstan Passes Bill for Crypto Reserve and Tokenized Assets Framework
Kyrgyzstan has passed a bill to create a state cryptocurrency reserve and support the digital asset sector. Lawmakers approved amendments to the “On virtual assets” bill in three readings at once, introducing terms such as “state crypto reserve” and “state mining,” the parliament said today (Wednesday). The bill, presented by Economy and Commerce Minister Bakyt Sydykov, outlines a legal framework for stablecoins, tokenized real-world assets, and state-run crypto operations. Sydykov said the reserve would allow the state to hold assets through mining, tokenization, and fiat-backed stablecoins. He added ... (full story)
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