President Establishes Council for Virtual Assets and Blockchain Development
Kyrgyzstan Establishes National Council for Virtual Assets and Blockchain Technologies
Bishkek, 03 May 2025 — In a significant move towards embracing modern digital economies, President Sadyr Japarov has established the National Council for the Development of Virtual Assets and Blockchain Technologies. This initiative aims to foster a comprehensive state policy that aligns with both national interests and global standards.
The newly formed council is tasked with several key responsibilities designed to enhance the landscape of virtual assets and blockchain technologies in Kyrgyzstan. Among its primary objectives are:
Defining State Policy: Establishing the main directions for government action in the realm of virtual assets and blockchain, ensuring a strategic approach to development.
Improving the Investment Climate: Creating a more favorable atmosphere for investments in virtual assets and blockchain technologies within the republic.
Regulatory Development: Enhancing the legal framework governing virtual assets and blockchain technologies, making it more robust and in line with international norms.
Supporting Foreign Companies: Facilitating the entry and operation of foreign firms in the Kyrgyz market, furthering the development of local expertise in blockchain technologies.
Economic Integration: Working towards integrating Kyrgyzstan’s economy into the global economic framework, emphasizing the role of innovative technologies.
Attracting Foreign Investment: Strategizing ways to draw foreign capital into the Kyrgyz economy, thus leveraging international resources for local growth.
- Innovative Projects: Overseeing the implementation of groundbreaking programs aimed at advancing the country’s capabilities in virtual assets and blockchain technology.
The Secretariat of the Council will be led by the Director of the National Investment Agency, marking a unified effort between public policy and investment advocacy.
This establishment marks a pivotal step for Kyrgyzstan as it seeks to position itself favorably in the evolving landscape of digital assets and blockchain technologies, promoting innovation and attracting key investments vital for economic growth.
