Kyrgyzstan has announced the launch of the KGST stablecoin, backed 1:1 by the national currency, and confirmed plans to develop a central bank digital currency (CBDC). Alongside this initiative, the government will create a national crypto reserve that includes BNB and other digital 0 KGST stablecoin will operate on the BNB 1 to Changpeng Zhao (CZ), former head of Binance and strategic advisor to the Kyrgyz Crypto Committee, the decisions were made during a meeting of the National Council for the Development of Virtual Assets, attended by President Sadyr 2 media reported that the committee has two months to propose a framework for the national digital asset reserve and to begin efforts to list KGST on international 3 government believes that stablecoins and CBDCs will help attract investment and support growth in the digital 4 Japarov instructed officials to advance virtual asset legislation and ordered the National Bank to begin pilot testing of the digital 5 rollout will take place in three phases: first by connecting commercial banks, then integrating the asset with the Central Treasury, and finally testing offline transactions before the CBDC launches nationwide.
A final decision is expected no earlier than 2026. Education, Innovation and the Path Ahead Kyrgyzstan is also prioritizing digital literacy and 6 president tasked ministries with creating programs to train specialists in blockchain and artificial intelligence, while Binance Academy will introduce courses at ten major 7 emphasized that combining education, stablecoins and a CBDC could position Kyrgyzstan as one of the first countries in the region with a fully developed digital financial 8 government has also announced plans to move all state services to blockchain by 2028.
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