Central Bank of Kyrgyzstan has published two bills of cryptocurrency regulation
The National Bank of Kyrgyzstan submitted for public discussion two draft laws “On the turnover of cryptocurrencies” and “On amendments to some legislative acts in the field of virtual assets”. The new legislation aims to regulate cryptocurrency exchanges. According to the new rules, such sites must be managed by legal entities licensed by the country’s central bank. The draft laws provide reporting requirements to reduce the risks of money laundering and terrorist financing. The updated…
