In Kyrgyzstan, a minimum authorized capital of 300 million KGS has been set for cryptocurrency exchanges

President Sadyr Zhaparov signed a decree establishing a minimum authorized capital requirement of 300 million KGS for cryptocurrency exchanges. The decree aims to enhance the financial stability of market participants and strengthen regulation of the digital asset sector.

According to the decree, existing crypto exchanges are required to bring their authorized capital into compliance with the new requirements by July 1. The authorized capital may be used to ensure the liquidity and stability of operators’ activities.

The Cabinet of Ministers has been tasked with developing and adopting the necessary measures to implement the decree within 40 days. The decree itself will take effect in 10 days.

The increase in capital requirements may lead to consolidation in the virtual asset market, reducing the number of small players while simultaneously boosting investor and user confidence in crypto platforms.

We would like to add that, as of today, according to the Financial Supervision Authority’s registry, there are 14 crypto exchanges operating in the country:

• Big Crypto LLC;
• Zhakshy Zaman CJSC;
• Coin Nomad Exchange OJSC;
• Only Finance CJSC;
• TengriCoin CJSC;
• Central Asia Exchange CJSC;
• Modern Digital Technologies CJSC;
• BitRuby OJSC;
• Tokenspot CJSC;
• ExPrime OJSC;
• Azimut Capital CJSC;
• Biatex CJSC;
• Bitcor CJSC;
• Envoys Vision Digital Exchange OJSC.