Kyrgyzstan Launches Som-Pegged Stablecoin, Establishes National Crypto Reserve
Kyrgyzstan launched KGST, a stablecoin linked to its national currency, while simultaneously advancing a central bank digital currency pilot in one of the most comprehensive digital finance initiatives undertaken by a Central Asian country. On Friday, President Sadyr Japarov chaired a meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies,…