Kyrgyzstan has established the first state-owned cryptocurrency exchange, Coin National Exchange.

The Ministry of Finance of the Kyrgyz Republic has officially announced the creation of the first state-owned cryptocurrency exchange, Coin National Exchange. The company has already been registered in the Ministry of Justice's registry.

Coin National Exchange is a state-owned organization, with the Ministry of Finance as its sole shareholder. Biibolot Mamytov has been appointed as the head of the company.

The main activity of the exchange will be the management of financial markets. In this category, organizations such as the Kyrgyz Stock Exchange, BTS Exchange, universal exchange EVDE, and several private cryptocurrency exchanges are already operating.

In 2024, 100 million som were allocated from the republican budget to form the initial authorized capital of Coin National Exchange.

Source: economist.kg