Kyrgyzstan's Rapid Legislation Makes It the Crypto Hub of Central Asia, CZ Appointed as Advisor

Kyrgyzstan is rising as the main cryptocurrency center in Central Asia due to its swift implementation of crypto regulations. As of October 2024, it has licensed 126 VASPs, the most in the region; the trading volume related to crypto reached 4.2 billion USD in the first 7 months of 2024. The government supports the gold-backed stablecoin USDKG and allows banks to offer crypto services. In April 2025, Kyrgyzstan officially appointed Binance founder Changpeng Zhao (CZ) as an advisor on blockchain and Web3 policy, highlighting its strategic direction embracing compliant crypto innovations. $BNB