Kyrgyzstan introduced the legal framework for its CBDC, the digital som, with testing set for 2025.
Prototype testing for the digital som will begin this year, with a final issuance decision planned for 2026.
President Sadyr Zhaparov made Kyrgyzstan one step closer to becoming part of the few countries operating central bank digital currencies (CBDCs). He signed on constitutional amendments, which introduced the legal framework for the digital som.
This legislation outlines the future CBDC launch framework. Meanwhile, the National Bank of the Kyrgyz Republic was appointed to manage this digital currency platform as its sole operator.
Testing to Begin as Final Decision Awaits in 2026
The newly passed law establishes the digital som as legal tender across Kyrgyzstan when it becomes operational. The National Bank will create payment rules for its digital platform while establishing cryptographic security measures to safeguard users from fraudulent activities.
According
We współpracy z: https://thenewscrypto.com/kyrgyzstan-takes-major-step-toward-digital-currency-implementation/
