Kyrgyzstan quickly legislates to establish a Central Asian encryption center, appointing CZ as advisor

Odaily Planet Daily News: Kyrgyzstan is rising as a major cryptocurrency hub in Central Asia due to the rapid implementation of cryptocurrency regulations. As of October 2024, 126 VASP have been licensed, the highest in the region; The transaction volume related to encryption reached 4.2 billion US dollars in the first seven months of 2024. The government supports gold collateralized stablecoin USDKG and allows banks to provide cryptocurrency services. In April 2025, Jilin officially appointed Binance founder Zhao Changpeng (CZ) as a policy advisor for blockchain and Web3, demonstrating its strategic direction of embracing compliant encryption innovation.