Kyrgyzstan President Brings CBDC a Step Closer to Reality

CBDC Tracker cited in Lawfare on the proliferation of CBDCs

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Kyrgyzstan President Brings CBDC a Step Closer to Reality

Kyrgyzstan President Sadyr Japarov took his country a step closer to issuing its own central bank digital currency Thursday, signing legislation that gives the "digital som" legal status.The central Asian country is still deciding whether or not to issue a CBDC, but Thursday's amendments to the Constitutional Law of the Kyrgyz Republic ensures that the digital som will be treated as legal tender if the central bank goes ahead with issuing a CBDC…

President of Kyrgyzstan Signs Law on Digital Som

The President of Kyrgyzstan approved amendments to the constitutional law, allowing the launch of a pilot project for the central bank digital currency (CBDC), the digital som. President Sadyr Japarov... Сообщение CBDC Recognized as Legal Tender in Kyrgyzstan появились сначала на CoinsPaid Media.

Kyrgyzstan’s president signs CBDC law giving ‘digital som’ legal status – #CryptoUpdatesGNIT

Kyrgyzstan President Sadyr Zhaparov has signed a constitutional law authorizing the launch of a central bank digital currency pilot project while also giving the “digital som” — the national currency in digital form — legal tender status. The law gives the National Bank of the Kyrgyz Republic the exclusive right to issue the digital som, establish the rules for its issuance and circulation, and oversee the platform on which the national currency…

CZ-consulting Kyrgyz Republic greenlights pilot CBDC program, assigns legal status

After announcing an advisory relationship with Binance founder Changpeng Zhao (CZ), the Kyrgyz Republic has approved a law granting legal status to its proposed central bank digital currency (CBDC). The announcement is in line with the country’s strategy to embrace digital finance systems. In recent times, digital currencies have gained more traction globally as more nations seek to modernize their financial systems. These nations are turning to…

Kyrgyzstan Grants Legal Status to CBDC, Central Bank to Begin Testing

Kyrgyzstan is inching toward launching its own digital currency at the central bank after President Sadyr Zhaparov signed legislation granting the digital som legal tender status. The signed amendments to Kyrgyzstan's constitutional law empower the National Bank of the Kyrgyz Republic to issue Central Bank Digital Currency (CBDC), the digital som, define its usage rules, and oversee the platform on which it will operate. While the law does not c…