… - The Arabian Post) Kyrgyzstan is set to launch a … payments, a significant feature for Kyrgyzstan, where remittances account for … launch a digital national currency, the digital som, by the end … of 2026. The digital som will coexist with traditional cash …

… of a state digital currency. According to the … som will become the third form of the national currency of Kyrgyzstan … , complementing cash and non-cash money. The digital currency … digital som. It is planned that the electronic currency …

… , or $650 this year—Kyrgyzstan will overcollateralize the stablecoin. The … to maintain trust in the currency. The new stablecoin will … s economy. In 2024, Kyrgyzstan received $3 billion in remittances … taken precedence over the digital som, the country’s CBDC. …

…  Kyrgyzstan signed the law on settlements in the national currency — som. … exclusively in the national currency. Thus, transactions on  … of prices in foreign currency is also prohibited. To … settlements in the national currency, new requirements for state …

… national digital currency — digital som — has been adopted in Kyrgyzstan. The …  connect to the digital som platform for managing and … digital form. The digital som platform will be operated … the issuance of the digital currency, enforcement of platform rules …

… President Japarov noted that in Kyrgyzstan, interest in cryptocurrency continues … believes will become the currency of the future and … s ongoing collaboration with Kyrgyzstan to increase digital literacy … plans for a digital som based on blockchain technology, …

… integration to make Kyrgyzstan a regional leader … The Central Bank Digital Currency (CBDC) prioritized centralized … som. The changes allow the National Bank of Kyrgyzstan to issue digital currency … markets and diversify Kyrgyzstan’s digital portfolio. …

… This includes countries like Kyrgyzstan, Uzbekistan, and Tajikistan … merchants will receive local‑currency settlements instantly – … digital currency (CBDC) known as the “digital som.” According … A7A5 – last month. Kyrgyzstan’s abundant hydroelectric resources …

… signed between Binance and Kyrgyzstan’s National Agency for … MoU, Binance will assist Kyrgyzstan in introducing crypto payment … Central Bank Digital Currency, giving the “digital som” legal tender … the National Bank of Kyrgyzstan overseeing its issuance and …

… . Crypto payments coming to Kyrgyzstan through Binance Pay Binance, … to collaborate in advancing Kyrgyzstan’s growing crypto sector … payments,” the head of Kyrgyzstan’s National Investment Agency, … central bank digital currency (CBDC), the digital som, by the …