Combating Shadow Activities and Minimizing Risks
The measures adopted have significantly tightened the requirements for cryptocurrency trading and exchange operators, allowing local regulations to align with international standards, including FATF recommendations.
Important anti-money laundering measures (AML/KYT).
In addition, citizens of Kyrgyzstan are prohibited from conducting transactions with virtual assets through unlicensed providers.
Ban on Unsecured Tokens and Investor Protection
To strengthen investor confidence and enhance the reliability of digital instruments, strict rules for securing virtual assets have been introduced.
Organization of Mining and the RUNEXKG Platform
The introduction of the concept of a Unified State System for Collective Mining will help organize the activities of miners. All produced mining results must be sold through licensed operators.
Control and analysis in the crypto sector will be carried out using the RUNEXKG digital platform, which was launched in December 2024. RUNEXKG is a state ecosystem designed for the registration, monitoring, and analysis of AML/KYC for all virtual asset service providers in the country.
Furthermore, the new rules introduce additional guarantees for client rights, including the mandatory retention of information on risk knowledge testing for at least five years.
