The Kyrgyz authorities are against recognizing bitcoin as a means of payment. However, the republic is creating conditions for the development of blockchain technologies.
At a fintech conference, Alexander Nam, head of Sberbank’s blockchain lab, said that Kyrgyzstan is a leader in Central Asia in terms of expanding infrastructure for businesses focused on decentralized technologies.
The expert said:
“I think Kyrgyzstan is a leader in its region on many fronts.”
The global financial system is qualitatively transforming under the influence of the blockchain industry.
Banks are beginning to work with digital currencies, which are becoming full-fledged tools for storing and transferring capital anywhere on the planet.
In addition, Alexander Nam reminded that the National Bank of Kyrgyzstan is studying options for the deployment of the digital som, which will become the third form of money in the republic.