{"id":423765,"date":"2022-03-30T13:06:35","date_gmt":"2022-03-30T10:06:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nothing-is-growing-as-fast-as-cryptocurrency-kyrgyz-mp-wants-national-crypto\/"},"modified":"2022-03-30T13:06:35","modified_gmt":"2022-03-30T10:06:35","slug":"nothing-is-growing-as-fast-as-cryptocurrency-kyrgyz-mp-wants-national-crypto","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nothing-is-growing-as-fast-as-cryptocurrency-kyrgyz-mp-wants-national-crypto\/","title":{"rendered":"# &#8216;Nothing is growing as fast as cryptocurrency&#8217;: Kyrgyz MP wants national crypto"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40c46c604ff\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40c46c604ff\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nothing-is-growing-as-fast-as-cryptocurrency-kyrgyz-mp-wants-national-crypto\/#%E2%80%9D_%E2%80%98Nothing_is_growing_as_fast_as_cryptocurrency_Kyrgyz_MP_wants_national_crypto_%E2%80%9C\" >&#8221; &#8216;Nothing is growing as fast as cryptocurrency&#8217;: Kyrgyz MP wants national crypto  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_%E2%80%98Nothing_is_growing_as_fast_as_cryptocurrency_Kyrgyz_MP_wants_national_crypto_%E2%80%9C\"><\/span>&#8221; &#8216;Nothing is growing as fast as cryptocurrency&#8217;: Kyrgyz MP wants national crypto  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvYjM2NjA3ZTktYTcxYi00YjRiLTg5YTAtOTEwMzNkNjA4OTI2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Kyrgyz member of parliament (MP) Karim Khanjeza called for the legalization of cryptocurrency in the country during a parliamentary committee meeting on law and order and combating corruption.<\/p>\n<p>During his speech, MP Khanjeza advocated for developing a legal framework for the crypto market and suggested amendments to the draft law to incorporate virtual assets. He said, &#8220;nothing is growing as fast as cryptocurrency.&#8221;<\/p>\n<p>He added that their country is perfectly positioned to take advantage of the growing crypto popularity and suggested launching their own national cryptocurrency. He said the government should focus on developing a sovereign national digital currency overlooked by the National Bank, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/m.akipress.com\/news:669499:MP_suggests_National_Bank_to_create_its_own_cryptocurrency_in_Kyrgyzstan\/\">reported <\/a>a local daily.<\/p>\n<p>He also advocated for building a crypto hub in the nation by onboarding highly qualified specialists in this field, a strategy followed by the likes of the UAE to become a regional hub for the growing crypto market.<\/p>\n<p>The Central Asian nation has positioned itself as one of the crypto-friendly nations with significant progress in regulating the market. Bitcoin is considered a commodity and allowed to mine and transact under commodity laws. <\/p>\n<p><strong><em>Related:\u00a0\u00a0Vietnamese deputy PM calls for building legal framework for digital assets<\/em><\/strong><\/p>\n<p>In August 2021, the government introduced a national crypto framework for crypto exchanges, giving them legal status in the country. However, there are no laws to regulate the circulation of cryptocurrencies and there is only the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nbkr.kg\/contout.jsp?item=56&amp;lang=RUS&amp;material=101407\">draft<\/a> law \u201con the turnover of cryptocurrencies\u201d suggested by the National Bank.<\/p>\n<p>The Kyrgyz government started working towards regulating the crypto mining industry as early as 2020, however, the growing energy crisis aided by illegal crypto mining has led to several crackdowns last year. Most of the pro-crypto mining nations including Kazakhstan and Iran had faced similar energy crises due to illegal crypto mining <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nothing-is-growing-as-fast-as-cryptocurrency-kyrgyz-mp-wants-national-crypto\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; &#8216;Nothing is growing as fast as cryptocurrency&#8217;: Kyrgyz MP wants national crypto &#8220; Kyrgyz member of parliament (MP) Karim Khanjeza called for the legalization of cryptocurrency in the country during a parliamentary committee meeting on law and order and combating corruption. During his speech, MP Khanjeza advocated for developing a legal framework for the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":423766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvYjM2NjA3ZTktYTcxYi00YjRiLTg5YTAtOTEwMzNkNjA4OTI2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75046,74863,76444,70934],"class_list":["post-423765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cbdc","tag-cryptocurrencies","tag-kyrgyzstan","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/423765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=423765"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/423765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/423766"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=423765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=423765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=423765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}