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.
The United Nations on Friday voiced serious concern over the deteriorating humanitarian situation in Sudan, warning that rising violence is increasing...
U.S. authorities say they have thwarted an ISIS‑inspired terrorist attack planned for New Year’s Eve in the town of Mint Hill, North Carolina, arr...
Ukrainian officials reported on Friday that thousands of children and their parents were evacuated from frontline areas in the Zaporizhzhia and Dnipro...
Yemen’s southern separatists have announced plans to hold a referendum on independence from the north within two years, a move likely to further esc...
Russian airstrikes have devasted apartment buildings in a residential area of Kharkiv, north-eastern Ukraine, injuring at least 25 people according to...
The United Nations on Friday voiced serious concern over the deteriorating humanitarian situation in Sudan, warning that rising violence is increasingly affecting civilians.
U.S. authorities say they have thwarted an ISIS‑inspired terrorist attack planned for New Year’s Eve in the town of Mint Hill, North Carolina, arresting an 18‑year‑old suspect just hours before the alleged assault was due to take place.
Ukrainian officials reported on Friday that thousands of children and their parents were evacuated from frontline areas in the Zaporizhzhia and Dnipropetrovsk regions as Russian forces continued to advance.
Turkish President Recep Tayyip Erdoğan said he would have a phone call with U.S. President Donald Trump on Monday to discuss peace efforts between Ukraine and Russia as well as issues surrounding Gaza.
Dozens of people are feared dead and around 100 others injured after an explosion tore through a crowded bar during New Year’s Eve celebrations at the Swiss ski resort of Crans-Montana, authorities said.
Russian athletes will not be allowed to represent their country at the Milano Cortina Winter Olympics even if a peace deal is reached with Ukraine, International Olympic Committee President Kirsty Coventry said in an interview with an Italian newspaper.
At least 47 people were killed and 112 injured after a fire broke out at a crowded bar in the Swiss ski resort town of Crans-Montana during New Year’s Eve celebrations, Italian Foreign Minister Antonio Tajani told Italian media on Thursday.
India has approved a major arms deal with Israel valued at approximately $8.7 billion, highlighting the deepening defence partnership between the two countries.
A 6.5-magnitude earthquake has struck the southern state of Guerrero in Mexico.
U.S. authorities say they have thwarted an ISIS‑inspired terrorist attack planned for New Year’s Eve in the town of Mint Hill, North Carolina, arresting an 18‑year‑old suspect just hours before the alleged assault was due to take place.
The Head of Iran’s Atomic Energy Organisation (AEOI) Mohammad Eslami unveiled that the country’s civilian nuclear program has been the target of industrial sabotage by the Israeli and the U.S. intelligent agencies for the last three decades.
U.S. President Donald Trump threatened on Friday to come to the aid of protesters in Iran if security forces fire on them, days into unrest that has left several dead and posed the biggest internal threat to Iranian authorities in years.
A U.S.-backed initiative is quietly transforming the South Caucasus, linking Azerbaijan to its exclave of Nakhchivan through a high-security transit corridor. According to PBS News, the Trump Route for International Peace and Prosperity (TRIP) could shift regional trade and politics.
The Washington Accords, brokered by U.S. President Donald Trump, have reshaped the strategic balance in the South Caucasus and strengthened America’s position. According to The Washington Times, the shift reflects a broader realignment driven by security, transport corridors.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment