BISHKEK, Kyrgyzstan, April 18. President of
Kyrgyzstan Sadyr Japarov on April 18 met with the founder of the
TRON blockchain platform, Justin Sun, to discuss current issues of
global financial transformation, as well as the development of
virtual assets and blockchain technologies in Kyrgyzstan, Trend reports via the press
service of the Kyrgyz President.
Welcoming the founder of TRON, Japarov emphasized his key role
in the crypto industry and his personal contribution to the
development of decentralized finance.
"Today, in the digital era, thanks to such innovations, a new
Digital Silk Road is being created - a network of open interaction
and financial freedom," said Sadyr Japarov.
He noted that high throughput, instant transaction finality, and
low fees have made TRON one of the dominant infrastructures for the
use of stablecoins.
The President drew attention to the establishment of the
National Council for the Development of Virtual Assets and
Blockchain Technologies last year under his personal leadership.
This platform unites the efforts of relevant government bodies and
advanced expertise from internationally recognized blockchain
industry experts.
"In less than a year of the National Council and its
Secretariat’s work, we have made a significant leap forward. We
have held several high-level meetings where market-relevant
decisions were adopted: from launching a national stablecoin and
testing a central bank digital currency to implementing pilot
regimes," he said.
In this context, he highlighted the open government policy that
has helped attract major technology companies and leading global
experts to the country, with the visit of the TRON founder serving
as a clear example.
"Our strategic goal is to make Kyrgyzstan a regional hub for
virtual assets and Web3 technologies in Central Asia.
Currently, the virtual assets market is actively developing in
the country, the number of licensed participants is growing, the
regulatory framework is being strengthened, and infrastructure
projects are emerging," Sadyr Japarov emphasized.
The Head of State noted that earlier this year important
amendments were made to the Law on Virtual Assets.
In addition, a new state body for regulating and licensing the
virtual assets sector will be established in the near future.
"Our society is actively using digital opportunities. According
to the global Chainalysis index, Kyrgyzstan ranks 19th in the world
in terms of cryptocurrency adoption and confidently leads in
Central Asia. This places responsibility on the state to build a
transparent and reliable infrastructure," the President
stressed.
In turn, Justin Sun noted that he sees great potential in the
development of the virtual assets market in Kyrgyzstan.
The founder of TRON presented a detailed briefing outlining the
operational principles and key indicators of HTX, one of the
leading international cryptocurrency exchanges, as well as the TRON
ecosystem itself.
He also spoke about plans to obtain a license to operate in the
virtual assets sector in Kyrgyzstan and expressed his intention to
support programs aimed at improving digital literacy, as well as
introducing blockchain technologies and artificial
intelligence.
Justin Sun noted that Kyrgyzstan’s accumulated experience will
be highly valuable for neighboring countries and expressed
confidence that Kyrgyzstan will become a reliable strategic
partner, with which TRON can further deploy its operational network
and scale services across Central Asia.
At the conclusion of the meeting, President Sadyr Japarov
instructed the Secretariat of the National Council for the
Development of Virtual Assets and Blockchain Technologies to ensure
effective cooperation and the practical implementation of joint
plans and projects.
