A foreign bank or a fintech with a crypto slant? Mountain Wolf has registered in Kyrgyzstan

A company with foreign participation has been registered in Kyrgyzstan, declaring banking as its main economic activity, but in essence representing a fintech platform working with digital payments and cryptocurrencies.

We are talking about Mountain Wolf LLC. According to registration data, the company was registered on November 25, 2025, in Bishkek and has foreign participation. The founders are listed as two individuals—Daniel Puringer and Peter Kolar. The main type of economic activity of the company is classified as “banking activities.”

At the same time, Mountain Wolf lists several registration addresses outside Kyrgyzstan, which emphasizes the cross-border nature of the project. Among the declared locations are:

• Georgia, Tbilisi — 264 Omar Khizanishvili Street, Tbilisi Technology Park;
• Slovakia — 831 04, Bratislava, Vajnorská 100/B, Free Industrial Zone;
• United Arab Emirates — Dubai Silicon Oasis, DDP, Building A2, Dubai.

This geography is typical for fintech and crypto platforms working with digital assets and international payments, but it complicates the issue of regulatory jurisdiction and supervision.

The legal form of a Kyrgyz company is fundamentally different from the structure of the country's existing banks. While banks in Kyrgyzstan can only operate as joint-stock companies (OJSC or CJSC) and only with a license from the National Bank, Mountain Wolf is registered as an LLC. This excludes the possibility of conducting banking activities in the classical sense without subsequent reorganization and licensing.

In fact, it is not a bank, but a platform for digital payments and crypto services, combining multi-currency wallets, transfers in fiat and cryptocurrencies, trading, prepaid cards, and cross-border settlements.

On international specialized platforms, Mountain Wolf is positioned as an all-in-one ecosystem for managing digital assets. At the same time, user reviews and independent reviews regularly raise questions about regulation, customer fund protection, and the quality of customer support. In particular, there are mentions of delays in withdrawing funds and limited feedback.

Thus, despite the formal indication of banking activities in the registration data, there is no question of a new foreign bank appearing in Kyrgyzstan. Rather, the market has received a fintech project with a cryptocurrency profile and a complex international structure.