Sadyr Japarov says Kyrgyzstan should become a regional hub for virtual assets

Kyrgyzstan should become a regional hub for virtual assets and blockchain technologies, President Sadyr Japarov said at a meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies in the Issyk-Kul region.

Japarov said the country was steadily improving its legislation on virtual assets while building the technological and financial infrastructure needed by the sector. He also pointed to growing interest from businesses and investors.

The president described the creation of the National Council as a timely decision. Over the past year and a half, the council has brought together government bodies, professional and expert communities, and international partners to develop strategic decisions for the industry.

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A regional hub is not only about technologies and individual projects. Above all, it is an integrated ecosystem that combines modern regulation, reliable infrastructure, human capital, security, investment opportunities and international cooperation.

Japarov also stressed the importance of creating a National Agency for Virtual Assets and Blockchain Technologies. He said the agency should regulate and develop the sector effectively while coordinating key processes.

“A regional hub is not only about technologies and individual projects. Above all, it is an integrated ecosystem that combines modern regulation, reliable infrastructure, human capital, security, investment opportunities and international cooperation,” Japarov said. He added that the ecosystem should serve citizens as well as companies and investors, giving people the choice between traditional financial instruments and virtual assets in a clear, transparent and secure environment. The article said virtual asset service providers recorded total turnover of 2.244 trillion soms in the first six months of 2026.

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Everyone should have the choice, if they wish, to use traditional financial instruments or virtual assets. Our task is to create a clear, transparent and secure environment for this.