Kyrgyzstan Legalizes Digital Som as Central Bank Digital Currency (CBDC)

Kyrgyzstan has taken a significant step towards embracing digital finance by enacting legal legislation that establishes the digital som as a legal tender within its currency framework. The landmark decision was made by President Sadyr Japarov, placing Kyrgyzstan at the forefront of nations pioneering digital currencies and CBDCs. This move is expected to transform local financial transactions, impacting businesses, consumers, and government operations across the nation. ]