Kyrgyzstan is preparing a law on the creation of a state crypto reserve
Date: 2025-09-11 Author: Oliver Abernathy Categories: IN WORLD
A bill has been presented in Kyrgyzstan, which for the first time at the official level introduces the concepts of "state crypto reserve" and "state mining". The document provides for the formation of a regulatory framework for the issuance of stablecoins, tokenized assets of the real sector (RWA), as well as the participation of state-owned enterprises in operations with digital instruments. According to the minister, such initiatives are aimed at strengthening the country's financial stability through the diversification of national assets.
The new reserve will not be limited exclusively to bitcoin. It is planned that it will include a whole range of digital assets that will be at the disposal of the state. The mechanisms for the formation, storage, management and subsequent use of the reserve will be determined directly by the President of Kyrgyzstan.
The head of the ministry Bakyt Sydykov noted that the republic is gradually becoming a noticeable participant in the crypto market in Central Asia. In his opinion, the launch of the state crypto reserve will allow the accumulation of assets through mining, the issuance of stablecoins backed by national currency, and the tokenization of real assets. This, as the official emphasized, will be an important step in the strategic development of the financial system.
The project pays special attention to energy consumption issues. Sydykov assured that government agencies will pay for electricity at the same rates as private miners, since a special tariff has been set for crypto mining in Kyrgyzstan. Thus, the authorities will not receive exceptional conditions, and the country's energy system will not be at risk of overload.
To enter into force, the document must be signed by President Sadyr Japarov. Let us recall that in April of this year, the head of state already signed a law on the introduction of a central bank digital currency (CBDC). In accordance with this law, the digital som received the status of legal tender in the republic.
Thus, the initiative to create a state crypto reserve becomes a logical continuation of the course towards the digitalization of the financial sector. Kyrgyzstan is relying on modern technologies and tools to strengthen its position in the region and increase the sustainability of the national economy.
