Kyrgyzstan’s National Bank Authorizes Crypto Escrow Accounts

The Kyrgyz Republic has made a significant move in embracing cryptocurrencies by authorizing banks to offer escrow accounts for cryptocurrency transactions. The National Bank of the Kyrgyz Republic recently amended its regulations, allowing licensed banks to create escrow services for digital assets. This initiative is spearheaded by Bereket Bank, the country’s first dedicated digital asset bank, which has actively implemented this new feature.