How Kyrgyzstan is Becoming the Switzerland of Crypto

Evgeniya Likhodey

(05:22 AM UTC)

1 min read

Kyrgyzstan has launched a state stablecoin backed by physical gold, built its own gold vault, and brought Binance founder Changpeng Zhao into its crypto policy circle.

Zhao, widely known as CZ, now holds a Kyrgyz passport and serves as an adviser to the country’s president, according to Arsen Edilbek uulu, co-founder of KYTLABS and head of fintech consulting in Kyrgyzstan.

The $USDKG listin…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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