News with the tag "Kyrgyzstan"

In a surprising turn of events in the digital finance landscape, Kyrgyzstan has announced a significant shift in its approach to digital currencies. Instead of joining the global trend of Central Bank Digital Currencies (CBDCs), this Central Asian nation is charting a different course. Let’s dive in...

Kyrgyzstan is considered an ideal destination for cryptocurrency miners, due to its untapped renewable energy resources.

The small Central Asian country is currently taking public comments on its framework legislation.

Crypto exchange Four Dragons says it had suffered a breach of its security system, resulting in ‘significant funds being withdrawn.’ Kyrgyzstan-based crypto exchange Four Dragons revealed on its website that it fell victim to a hacker attack on Feb. 22,…

Kyrgyzstan intends to build a new facility for cryptocurrency mining at one of the country’s hydroelectric stations. The project aims to minimize the power plant’s electricity losses by utilizing its full generating capacity that currently exceeds that of the transmission network. Kyrgyzstan to Powe...

In a recent move towards energy and economic optimization, Kyrgyzstan’s President Sadyr Japarov has greenlit the establishment of a cryptocurrency mining farm in the Central Asian nation. Japarov addressed claims from RFE/RL media in a candid interview with the “Kabar” agency, debunking assertions r...

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Kyrgyz President Sadyr Japarov promised to distribute money from crypto mining at the hydropower plant to “ordinary people.”