TURKESTAN, Kazakhstan, May 15. Kyrgyzstan
proposes implementing joint projects within the framework of the
Organization of Turkic States (OTS) on the use of cryptocurrencies,
Kyrgyz President Sadyr Japarov said at an informal OTS summit in
Turkestan, Trend's
special correspondent reports.
According to Trend’s special correspondent, Kyrgyz President
Sadyr Japarov made this statement at an informal summit of member
states of the Organization of Turkic States (OTS) in Turkestan.
He noted that Kyrgyzstan is taking practical steps to introduce
new standards in financial methods and create a virtual asset
market.
"A National Council has been established under the President to
develop the virtual assets sector and create the legal framework
for the safe use of cryptocurrencies. Kyrgyzstan recently launched
the digital som and the national stablecoin KGBT. This work is
aimed at building the reserve sector and tokenizing assets.
According to the international Chain Analysis index, Kyrgyzstan
currently ranks 19th in the world in terms of cryptocurrency
adoption. Kyrgyzstan proposes expanding cooperation in this area
and implementing joint projects," Japarov said.
Sadyr Japarov further noted that the OTS region is located in
the center of Eurasia and has a strategic advantage.
“Today, this strategic opportunity is taking on new
significance. To realize it, we need to take prompt and coordinated
action. This will allow us to integrate transport corridors with
digital platforms,” he added.
