Summary
- It appears that Kyrgyzstan's parliament has passed a virtual assets reserve bill.
- The bill reportedly includes content on the virtual assets industry such as creation of virtual assets reserves, mining, and stablecoins.
- The Minister of Economy and Trade said that reserving virtual assets could increase the country's financial stability.
Kyrgyzstan's parliament has reportedly passed a bill related to virtual assets (cryptocurrencies) reserves.
On the 10th (local time), Cointelegraph reported that the Kyrgyzstan parliament passed the virtual assets bill (On virtual assets). The bill included content on the establishment of a national virtual assets reserve, mining, stablecoins, and other aspects of the virtual assets industry. The bill will take effect after the signature of President Sadyr Japarov.
Bakyt Sidikov, Kyrgyzstan's Minister of Economy and Trade, said, "Reserving virtual assets could enhance the country's financial stability."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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