🇰🇬 Kyrgyzstan takes a major step towards digital currency
The President has signed a law granting legal status to the Digital Som, making it the official central bank digital currency (#CBDC ).
The National Bank of Kyrgyzstan now has exclusive rights to issue the digital currency.
Though the final decision on its full issuance is expected by 2026, this move sets the stage for Kyrgyzstan to modernise its financial system and integrate digital currency into the economy.
A significant milestone for Central Asia's digital currency landscape!