Published: 30.03.2022
Article reading time:
2 minutes.
A politician from Kyrgyzstan, Karim Khanjeza, spoke at a meeting of the Parliamentary Committee on Law and Order, Combating Crime and Corruption with a proposal to issue a state cryptocurrency.
According to the AKIpress news agency, Kyrgyz MP Karim Khanjeza recommended that the country’s government develop its own cryptocurrency and legalize it for the population.
According to Hangez, the popularity of digital currencies is rapidly growing in Kyrgyzstan and the state should keep up with technological trends. The politician cited India as an example, which has already announced that it will become a global center for virtual assets.
Khanjeza suggested attracting highly qualified specialists from Russia to create a CBDC, and transferring control over the project to the National Bank and financial agencies.
He also proposed to amend the law to facilitate the process of creating and legalizing the state cryptocurrency. In addition, he advised to approve an authorized body for the supervision of criminal activities related to digital assets.
The adoption of cryptocurrencies in Kyrgyzstan has increased significantly in recent years. In September last year, the first Universal Digital Exchange was registered in the country, which received a license from the regulator to organize trading in the securities market and depository activities.
Recall that in the middle of last year, the State Service for Regulation and Supervision of the Financial Market, which is part of the Ministry of Finance of Kyrgyzstan, prepared a draft regulation and regulation of cryptocurrency exchanges.
Source: Bits
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