Kyrgyzstan is moving ahead with its national cryptocurrency strategy, launching a stablecoin and preparing for a public sector rollout of a central bank digital currency (CBDC),according to Binance co-founder and former CEO Changpeng Zhao (CZ).
The new stablecoin, believed to be KGST, is pegged 1:1 to the national currency, Kyrgyzstan’s Som, and is registered in the State Register of Digital Assets. It differs from USDKG, a dollar-backed stablecoin backed by $500 million in gold reserves from the Kyrgyz Ministry of Finance planned to launch in Q3.
At the same time, the country’s CBDC, the digital som, is now legally recognized and expected to be piloted for government-related payments, CZ added.
This follows an April decision by President Sadyr Japarov to amend the country’s constitutional law, giving the digital som legal tender status if fully launched by the National Bank.
Kyrgyzstan is also building out a broader crypto infrastructure. It has created a national cryptocurrency reserve that includes BNB, launched law enforcement training and signed on Binance Academy to partner with 10 universities.
Binance has also localized its app in Kyrgyz and hosted a 1,000-person meetup in the capital, Bishkek, Zhao pointed out.
Sign, where CZ’s family fund YZi Labs is an investor in, is also working with the Kyrgyz government on smart contract infrastructure, he added.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
