From Cointelegraph

April 17, 2025 8:23 pm:

Kyrgyzstan President Sadyr Zhaparov signs law for central bank digital currency pilot project, making “digital som” legal tender. National Bank of Kyrgyz Republic to issue digital som, oversee platform. Decision expected by end of 2026. Concerns raised about CBDCs’ impact on financial privacy. Only four CBDCs officially launched globally.

Former Binance CEO to advise Kyrgyzstan on blockchain, crypto regulation. Initiative aims to boost economy, secure virtual assets, create opportunities for businesses. Kyrgyzstan’s abundant renewable energy resources make it ideal for crypto mining. 30% energy from hydroelectric power, but only 10% potential tapped.

Kyrgyzstan’s move towards CBDCs and crypto regulation reflects growing interest in digital currencies globally. The country’s focus on renewable energy resources for crypto mining highlights the potential for sustainable operations in the industry. Former Binance CEO’s advisory role signifies a push towards innovation and economic growth through blockchain technology.

Read more at Cointelegraph: Kyrgyzstan’s president signs CBDC law giving ‘digital som’ legal status