Kyrgyzstan has launched a national stablecoin and central bank digital currency in collaboration with cryptocurrency exchange Binance, announced President Sadyr Japarov on Saturday.
A mountainous former Soviet republic with a population of around 7 million, Kyrgyzstan has increasingly positioned itself as a cryptocurrency leader in Central Asia, despite its traditional reliance on labor migrants in Russia.
The A5A7 stablecoin, backed by the Russian rouble and based in Kyrgyzstan, has been sanctioned by Western governments, which claim it facilitates the circumvention of sanctions on Russia over the war in Ukraine.
Changpeng Zhao, founder of Binance, was appointed as an adviser on digital assets to Kyrgyzstan's president in May. On Saturday, Zhao revealed on X that the Kyrgyz national stablecoin had been launched on the BNB Chain, and that the digital version of the Kyrgyz som was ready for use in government transactions. He also mentioned that a national cryptocurrency reserve, including Binance's BNB token, had been established.
On Friday, U.S. President Donald Trump pardoned Zhao, who had previously been convicted of money laundering-related offenses.
While Kyrgyzstan was once the most democratic among the five former Soviet Central Asian republics, Japarov has since tightened control over dissent following his rise to power after the 2020 street protests. The country is set to hold a snap parliamentary election on November 30, with Japarov's allies aiming to strengthen their hold on the legislature.
Former Ukrainian energy minister German Galushchenko has been detained while attempting to leave the country, anti-corruption authorities said on Sund...
Britain and Germany’s highest ranking military chiefs have made an unprecedented joint appeal to the public to accept the “moral” case for rearm...
Medals were awarded in eight disciplines on Sunday as the 2026 Milano-Cortina Winter Olympics continued in Italy....
Hungarian opposition leader Peter Magyar delivered a state of the nation speech in Budapest on Sunday, saying the parliamentary elections in April wer...
Iran’s Supreme National Security Council Secretary Ali Larijani said the United States could evaluate its own interests separately from those of Isr...
Former Ukrainian energy minister German Galushchenko has been detained while attempting to leave the country, anti-corruption authorities said on Sunday.
Britain and Germany’s highest ranking military chiefs have made an unprecedented joint appeal to the public to accept the “moral” case for rearmament and prepare for the threat of war with Russia.
Medals were awarded in eight disciplines on Sunday as the 2026 Milano-Cortina Winter Olympics continued in Italy.
Hungarian opposition leader Peter Magyar delivered a state of the nation speech in Budapest on Sunday, saying the parliamentary elections in April were an opportunity for his country to take a new direction.
U.S. Ambassador to NATO Matthew Whitaker said China has the power to bring an end to Russia’s war in Ukraine, arguing that Beijing is enabling Moscow’s military campaign.
New Zealand declared a state of emergency in Otorohanga on Saturday (14 February) after torrential rain caused severe flooding, power outages and evacuations.
Austria’s Janine Flock won the gold medal in the women’s skeleton event at the Milano-Cortina 2026 Winter Olympics on Saturday.
“Real security guarantees are needed before the war ends,” Ukrainian President Volodymyr Zelenskyy said at the Munich Security Conference on Saturday (14 February), warning that Russian aggression shows no sign of relenting.
U.S. Secretary of State Marco Rubio on Sunday (15 February) called it “troubling” a report by five European allies blaming Russia for killing late Kremlin critic Alexei Navalny using a toxin from poison dart frogs.
Iran’s Supreme National Security Council Secretary Ali Larijani said the United States could evaluate its own interests separately from those of Israel in ongoing negotiations between Tehran and Washington.
Four people were killed on Sunday evening in an Israeli drone strike targeting a vehicle in eastern Lebanon near the Lebanese-Syrian border, Lebanon’s official National News Agency (NNA) reported.
Israel’s cabinet on Sunday approved measures aimed at expanding state oversight of land in the occupied West Bank and facilitating land purchases by settlers, a move Palestinian officials described as a 'de-facto annexation.'
U.S. President Donald Trump said on Sunday that member states of the newly formed Board of Peace will announce pledges exceeding $5 billion for Gaza’s reconstruction during a gathering in Washington this week.
Iran is pursuing a nuclear agreement with the U.S. that delivers economic benefits for both sides, an Iranian diplomat was reported as saying on Sunday (15 February), days before a second round of talks between Tehran and Washington.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment