Kyrgyzstan legal system supports blockchain technology

According to a report released recently by Kyrgyzstan, the country’s legal environment provides more opportunities for blockchain industry and digital currency investors. The report said: “The existing laws of Kyrgyzstan have allowed globally encrypted investors to legally deal with blockchain-based assets. The country fully agrees with the position of the National Bank that there is a huge risk of not investing savings in encrypted assets through banking channels. The introduction of chain technology can speed up the process of securities processing, optimize national procurement procedures, and make the country a regional center for issuing securities for startups.” The Kyrgyz Stock Exchange is conducting a blockchain pilot project to optimize the real-time settlement of securities transactions.

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