Kyrgyzstan has adopted a bill to set up a national cryptor reserve. The Central Asian country wants to further develop its digital economy and become an important player on the cryptomarket.
Parliament agrees with cryptowet
The parliament approved three lectures of the law this week “About virtual assets” Good. The law introduces new concepts such as State Reserve for Crypto Paluta in constitution.
According to Minister of Economy and Handels Bakyt Sydykov, the government can collect digital assets through cryptomining, the issue of stablecoins and the tokenization of real assets such as raw materials and real estate.
“A state reserve gives us the opportunity to increase financial stability and diversify the economy,” said Sydykov.
No exceptions for energy consumption
The minister emphasized that the government is not exempt from the energy rates for Mining. “The state is no exception. Our power plants are not intended for large -scale mining,” he said during a committee meeting.
Last step: approval by the president
The law still has to be signed by President Sadyr Dzjaparov. He already signed a law that makes the introduction of a digital currency of the Central Bank (CBDC) possible.
The cryptor reserve will not only consist of well -known coins such as Bitcoin, but a mix of various digital assets managed by the state. The president determines the final rules for management, storage and use.
Neighboring countries closely follow developments
Buurland Kazakhstan is also investigating the establishment of its own strategic cryptor reserve. President Kassym-Jomart Tokayev recently called on his government to invest more in both crypto and artificial intelligence.
With the new law, Kyrgyzstan is taking a clear step to position itself as an innovative center for digital assets in Central Asia.
Source: https://newsbit.nl/kirgizie-wil-nationale-cryptoreserve-opzetten-om-digitale-economie-te-versterken/
