Published
06/11/2026, 11:50The Financial Market Regulation and Supervision Service has revoked the licence issued to TengriCoin CJSC to operate as a virtual asset trading operator.
According to the Financial Supervisory Authority, the decision was taken following supervisory measures in accordance with Articles 31 and 32 of the Law of the Kyrgyz Republic ‘On Virtual Assets’.
The grounds for revoking the licence were systematic breaches of legislative requirements in the field of virtual asset trading, failure to comply with mandatory instructions from the authorised body, and failure to submit the required reports.
According to registration documents, TengriCoin CJSC was registered in December 2024 in Bishkek, with the company’s main activity listed as financial market management. The company is headed by Talant Nurlanov. Information about the founders has not been disclosed.
Despite the revocation of its licence, TengriCoin CJSC was a significant taxpayer. According to data on state payments, in 2025 the company transferred approximately 9.7 million KGS to the budget and extra-budgetary funds, and in the first six months of 2026 – a further 156,000 KGS. The bulk of the payments consisted of VAT, the single tax, corporation tax, income tax and insurance contributions.
The Financial Supervisory Authority reminded market participants of the need to comply with legal requirements, including reporting rules and regulations on combating money laundering and the financing of illegal activities.
