Kyrgyzstan

Presidential Decree No. 186 on the authorised body for policy and regulation of virtual assets

Указ Президента КР от 28 мая 2026 года № 186 «О вопросах уполномоченного органа по реализации политики и регулированию в сфере виртуальных активов Кыргызской Республики»

Creates the National Agency for Virtual Assets and Blockchain Technologies (NAVA) under Article 10 of the amended law, from the secretariat of the National Council, and orders the FSA to hand over within a month its virtual asset licensing files, registers and the Unified State Register of token issues. In force ten days after publication on 29 May 2026.

President of the Kyrgyz Republic, via the Ministry of Justice legal database

Law on amendments to the Law on Virtual Assets (No. 3)

Закон КР от 19 января 2026 года № 3 «О внесении изменений в Закон Кыргызской Республики „О виртуальных активах“»

Redefines stablecoins and adds RWA tokens, state cryptocurrency mining, a state cryptocurrency reserve and presidential power to set pilot regimes. It splits the authorities into a policy, regulation and licensing body named by the President and a supervision body named by the Cabinet. In force ten days after publication on 23 January 2026.

Jogorku Kenesh (Parliament), via the Ministry of Justice legal database

Procedure for registration and certification of mining activity

Порядок регистрации и выдачи сертификата для деятельности по осуществлению майнинга

How miners register and obtain a mining certificate, as amended in 2025; issued by the FSA until 2026 and now by NAVA, which has published a draft replacement.

Cabinet of Ministers, published by the FSA

Law on Virtual Assets (No. 12)

Закон Кыргызской Республики «О виртуальных активах»

The core statute defining virtual assets, service providers, issuance and mining, with licensing by the authorised body. Signed 21 January 2022, in force from July 2022; the link is the current edition as amended on 19 January 2026.

Jogorku Kenesh (Parliament), via the Ministry of Justice legal database

Register of virtual asset trading operators (crypto exchanges)

Реестр операторов торгов виртуальных активов

Official list of licensed crypto exchanges with registration numbers and status, taken over from the FSA in 2026: 11 active, with Only Finance and TengriCoin shown as revoked (checked 5 October 2026).

National Agency for Virtual Assets and Blockchain Technologies (NAVA)

Register of virtual asset exchange operators

Реестр операторов обмена виртуальных активов

Official list of licensed crypto exchange offices: 202 firms, of which 166 active, 3 suspended and 33 revoked (checked 5 October 2026). NAVA's counter shows 168 because one active firm is listed three times.

National Agency for Virtual Assets and Blockchain Technologies (NAVA)

Cabinet Resolution No. 516 on the authorised body for supervision and control of virtual assets

Постановление Кабинета Министров КР от 30 июля 2026 года № 516 «О вопросах уполномоченного органа по надзору и контролю в сфере виртуальных активов»

Names the FSA as the supervision and control body for virtual assets, covering licence compliance and AML monitoring, removes its licensing role, and repeals the KGS 10 billion exchange capital clause. It applies from 9 June 2026.

Cabinet of Ministers, via the Ministry of Justice legal database

Regulation on virtual asset trading operators (crypto exchanges) and their register

Положение о деятельности оператора торгов виртуальных активов (криптобиржи) и ведении Реестра операторов торгов

Rules for crypto exchanges, as amended by Resolutions No. 625 (2025) and No. 516 (2026): fit-and-proper owners, AML and travel rule duties and service to residents and non-residents. Resolution No. 516 removed the KGS 10 billion capital clause; the minimum is now set by presidential decree.

Cabinet of Ministers (Resolution No. 514), via the Ministry of Justice legal database

Presidential Decree No. 112 on the minimum charter capital of virtual asset trading operators

Указ Президента КР от 13 марта 2026 года № 112 «Об установлении минимального размера уставного капитала оператора торгов виртуальных активов»

Sets the minimum charter capital of a crypto exchange at KGS 300 million from 1 July 2026, replacing the KGS 10 billion rule, and requires the capital to be used to provide liquidity.

President of the Kyrgyz Republic, via the Ministry of Justice legal database

Regulation on virtual asset exchange operators and their register

Положение о деятельности оператора обмена виртуальных активов и ведении Реестра операторов обмена виртуальных активов

Rules for crypto exchange offices: capital of 400,000 calculation units (KGS 40 million), no borrowed capital or offshore owners, and a ban on residents using unlicensed operators.

Cabinet of Ministers (Resolution No. 514), published by the FSA

Regulation on issuance and circulation of virtual assets and the Unified State Register of virtual asset issues

Положение об эмиссии (выпуске), обращении виртуальных активов и о порядке ведения Единого государственного реестра эмиссий

Sets how issuers register token issues, including the USDKG stablecoin, and how issued virtual assets may circulate.

Cabinet of Ministers (Resolution No. 514), published by the FSA

Stricter requirements for virtual asset service providers (Cabinet Resolution No. 625)

Ужесточены требования к поставщикам услуг виртуальных активов

Explains Resolution No. 625: mandatory AML/KYT screening through approved providers, bans on anonymous wallets, NFTs and high-risk assets, sanctions checks on key staff and annual audits.

Financial Market Regulation and Supervision Service (FSA)

UK targets sanctions circumvention and crypto networks exploited by Russia

Sanctioned Capital Bank of Central Asia, Grinex, Tengricoin, Old Vector and others linked to the A7A5 token.

UK Government (Foreign, Commonwealth and Development Office)

Treasury sanctions cryptocurrency exchange and network enabling sanctions evasion and cyber criminals

Designated Grinex as the successor to Garantex and Old Vector, the Kyrgyz issuer of the rouble-backed A7A5 token, along with other firms in Russia and Kyrgyzstan.

US Department of the Treasury, Office of Foreign Assets Control (OFAC)

Tax Code of the Kyrgyz Republic

Налоговый кодекс Кыргызской Республики

Sets the mining tax at 10% of electricity charges, in place of profit tax, VAT and sales tax, and covers the taxation of virtual asset sales and service providers. Current edition of 6 August 2026.

Jogorku Kenesh (Parliament), via the Ministry of Justice legal database