Yigit Taha OZTURK 
President Sadyr Japarov of Kyrgyzstan has officially signed into law a bill that gives the National Bank the authority to issue a central bank digital currency (CBDC) — the “digital som” — and grants it legal tender status.
What’s in the Law?
The National Bank of the Kyrgyz Republic now has the exclusive right to issue the digital som, regulate its circulation, and manage its digital platform.
A final decision on whether to fully launch the CBDC will come by end of 2026, but pilot testing is expected to begin later this year.
Security First
If implemented, the CBDC system must include cryptographic protection to prevent fraud and misuse.
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The Jogorku Kenesh (Kyrgyzstan’s Parliament) approved the constitutional amendment on March 18. President Japarov signed it into law on April 17.
Global Context and Controversy
While CBDCs are being explored by 115 countries, only four have launched so far:
- Bahamas (Sand Dollar)
- Nigeria (e-Naira)
- Zimbabwe (ZiG)
- Jamaica (JAM-DEX)
The crypto community remains divided, citing concerns over financial surveillance and government overreach.
A Natural Fit for Mining
Over 30% of Kyrgyzstan’s energy comes from hydropower, though only 10% of its potential is being utilized — making it ideal for sustainable crypto mining operations.
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