Kyrgyzstan tightens crypto oversight due to sanctions risks

Kyrgyzstan is enhancing its oversight of the crypto asset market to monitor sanctions risks, according to Economy Minister Bakyt Sydykov. He noted that over 25 Kyrgyz entities and individuals are under sanctions, including virtual asset service providers. The ministry has revoked licenses and initiated liquidation proceedings for certain crypto firms.

Read the full article at 24.kg →

Headline and summary written by daryo. The full report belongs to 24.kg.