A new cryptocurrency exchange has appeared in Kyrgyzstan. Ef Pay KJ LLC has received a license from the Financial Supervisory Authority

In the first week of December, the Financial Market Regulation and Supervision Service issued a number of licenses and permits, including a new license for a virtual asset exchange operator. The participant, Ef Pay KJ LLC, received the right to operate in the crypto services market.

According to the Ministry of Justice, the company was registered on October 20 this year and is involved in financial market management. The company's main activity is financial market operations, which corresponds to the profile of a crypto exchange. Its founder and director is Bakyt Konushbaev. He is also the director of Billing KG LLC, a software development company.

Obtaining a license from the Financial Supervision Authority means that “F Pay KG” will be able to legally carry out virtual asset exchange operations, work with clients, and connect to the infrastructure of Kyrgyzstan's regulated crypto market. Over the past year and a half, the market has been growing rapidly, and today it already has 194 virtual asset operators.