Search results for Kyrgyzstan
Crypto
Changpeng Zhao urges 24-hour trading for tokenised stocks, calls on governments to issue stablecoins
Changpeng Zhao (창펑 자오), founder of Binance, urged governments to move stock markets and currencies onto blockchain networks. He said tokenising shares and issuing stablecoins linked to domestic currencies could reshape the financial system as traditional finance moves on-chain. Zhao said tokenised stocks could allow 24-hour trading, fractional investment and faster settlement. He also argued domestic-currency stablecoins could help preserve monetary sovereignty as digital payments expand.
Crypto
Kyrgyzstan emerges as \'crypto Switzerland\' and targets Central Asia hub
Kyrgyzstan is moving to build a Central Asian digital asset hub, backed by two state-level stablecoins and a large gold storage facility. A local fintech consultant said a dollar-pegged token is backed by physical gold bought by the finance ministry and stored in a new national vault, with the ministry holding all tokens. A second stablecoin is based on the som and launched on BNB Smart Chain with Binance.
AI & Enterprise
OSL HK lists Kyrgyzstan gold-backed stablecoin USDKG
Hong Kong-licensed digital asset exchange OSL HK has listed USDKG, a gold-backed stablecoin issued by Kyrgyzstan. The token is pegged 1:1 to the U.S. dollar and is backed by physical gold reserves. Professional investors can trade the USDKG/USDT pair on OSL HK\'s over-the-counter platform. USDKG is issued by a state-owned entity under Kyrgyzstan\'s finance ministry, with an initial issuance of $50 million.
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Games & Commerce
NCSoft\'s \'TL\' to launch in 11 countries including Russia and Eastern Europe on May 19
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Crypto
Russia to legalise crypto payments for foreign trade from July 1, allowing bitcoin and stablecoins
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Crypto
Uzbekistan to build crypto mining valley near Kazakhstan border, tax exemptions until 2035