Kyrgyzstan Opens Door for Banks to Custody Bitcoin & Crypto

Kyrgyzstan has taken a significant step forward in its embrace of digital assets, allowing banks to custody Bitcoin and other cryptocurrencies under newly implemented regulations. This move is being spearheaded by President Sadyr Japarov and strategic advisor Changpeng Zhao, both key figures driving the nation’s digital economy forward. This policy change is expected to significantly impact financial markets in several ways, including fostering institutional investment, promoting regulatory oversight, and potentially revolutionizing Kyrgyzstan’s economic landscape.