Kyrgyzstan passes virtual assets reserve bill

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."