While Kyrgyzstan recognizes virtual assets as objects of civil rights under the Law of the Kyrgyz Republic “On Digital Assets and Digital Currency” No. 28 (March 15, 2022), these assets “are not a means of payment, currency, or security within the territory of the Kyrgyz Republic” (2).
The National Bank of the Kyrgyz Republic has repeatedly warned that only the som is legal tender domestically, and using cryptocurrencies for payments “will be a violation of the law of our state” (1).
"At the same time we should not forget that under the legislation of the Kyrgyz Republic the sole legal tender on the territory of our country is the national currency of Kyrgyzstan 'som'. And the use of 'virtual currency', bitcoins, in particular, as a means of payment in the Kyrgyz Republic will be a violation of the law of our state." (1)
Despite this, the 2022 law also establishes that virtual asset service providers must obtain a licence—recognizing the right of individuals and entities to own, trade, and custody cryptocurrencies under regulated conditions (2).
Source:
https://www.nbkr.kg/contout.jsp?item=2565&lang=ENG&material=50913
https://www.linkedin.com/pulse/legal-status-cryptocurrency-transactions-kyrgyz-bakhtyiar-bakas-uulu-pvdjf
Last updated: 16-05-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
Vi har sortert de beste Crypto-utvekslingene for Kazakhstanis i 7 kategorier ...
Kjøpe
- Du kan kjøpe kryptovalutaer på disse børsene
Selger
- Du kan selge kryptovalutaer på disse børsene
Handel
- Børs som tilbyr avanserte handelsplattformer
Lommebok
- Lagre kryptovalutaen din i en egen 'lommebok' på disse børsene
Token
- Børs som har skapt sitt eget kryptotoken
Henvisning
- Henvis vennene dine til disse børsene og motta en belønning
Betalinger
- Ta kryptobetalinger for nettbutikken din med disse børsene
Liste opp alle
- Usikker på hva du skal gjøre? Her er en liste over alle de beste børsene for Kazakhstanis