Overview
- President Sadyr Japarov announced the launch of a national stablecoin alongside a central bank digital currency developed in partnership with Binance.
- Changpeng Zhao said the stablecoin went live on the BNB Chain and the digital som is ready for use in government payments.
- Authorities established a national cryptocurrency reserve that includes Binance’s BNB token.
- Western governments have sanctioned A5A7, a Kyrgyz-based stablecoin backed by the Russian rouble, citing facilitation of Russia sanctions evasion.
- Zhao serves as the president’s adviser on digital assets and was pardoned by U.S. President Donald Trump on Friday, with a snap parliamentary election scheduled for November 30.