Crypto and Kyrgyzstan, it just sounds right. MP Karim Khanjeza has advocated for developing a legal framework for the crypto market and suggested launching their own national cryptocurrency.
Kyrgyz member of parliament Karim Khanjeza called for the legalization of cryptocurrency in the country during a parliamentary committee meeting on law and order and combating corruption.
During his speech, MP Khanjeza advocated for developing a legal framework for the crypto market and suggested amendments to the draft law to incorporate virtual assets. He said,"nothing is growing as fast as cryptocurrency." He added that their country is perfectly positioned to take advantage of the growing crypto popularity and suggested launching their own national cryptocurrency. He said the government should focus on developing a sovereign national digital currency overlooked by the National Bank,He also advocated for building a crypto hub in the nation by onboarding highly qualified specialists in this field, a strategy followed by the likes of the UAE to become a regional hub for the growing crypto market.
The Central Asian nation has positioned itself as one of the crypto-friendly nations with significant progress in regulating the market. Bitcoin is considered a commodity and allowed to mine and transact under commodity laws.
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