Kyrgyzstan has passed a bill to create a state
cryptocurrency reserve and support the digital asset sector. Lawmakers approved
amendments to the “On virtual assets” bill in three readings at once,
introducing terms such as “state crypto reserve” and “state mining,” the
parliament said today (Wednesday).
Legal Framework for Stablecoins and Tokenized Assets
The bill, presented by Economy and Commerce Minister Bakyt
Sydykov, outlines a legal framework for stablecoins, tokenized real-world
assets, and state-run crypto operations.
You may find it interesting at FinanceMagnates.com: Why
Nations Are Rethinking Reserves After America’s Bold 200K Bitcoin Bet.
Sydykov said the reserve would allow the state to hold
assets through mining, tokenization, and fiat-backed stablecoins. He added that
the initiative could increase financial stability by diversifying accumulation
instruments.
JUST IN: 🇰🇬Kyrgyzstan’s Parliament approves bill introducing state-backed crypto mining, a national crypto reserve, and a licensing system for digital assets. pic.twitter.com/tmFFksoBQd
— Crypto India (@CryptooIndia) September 10, 2025
Mining Regulations Clarified
The minister clarified that the government would follow
existing mining tariffs and would not use thermal power plants for mining. “The
main purpose of the thermal power plant and Kambar-Ata-1 is not mining,” he
said.
State-Backed Crypto Initiatives Abroad
Meanwhile, the U.S. and Kazakhstan have also introduced
state-backed crypto initiatives. The U.S.
has established a Strategic Bitcoin Reserve and Digital Asset Stockpile,
while Kazakhstan has proposed a national crypto fund under its central bank and
is developing legislation and a city for crypto-based transactions.
Digital Assets Enter National Reserve Strategies
Global finance is undergoing change, with countries
re-evaluating their strategic reserves. Traditionally based on gold, foreign
currencies, and sovereign debt, some nations are now considering digital assets
like Bitcoin.
After the U.S. initiative, other countries—including
Switzerland, Poland, Ukraine, and Kazakhstan—have explored limited Bitcoin
allocations or regulatory frameworks. While official holdings remain small,
these developments indicate a growing recognition of Bitcoin’s potential role
in national financial strategy and a shift toward incorporating decentralized
digital assets into reserve planning.
This article was written by Tareq Sikder at www.financemagnates.com.
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