By Samuel Edyme The United Kingdom has introduced new sanctions targeting Kyrgyzstan’s financial sector and cryptocurrency operations allegedly tied to Russia’s efforts to bypass Western restrictions. The measures include actions against banks, exchanges, and individuals accused of facilitating a ruble-backed stablecoin network that processed billions of dollars in transactions. According to a statement from the […]
Tag: Kyrgyzstan
By Emir Abyazov Key highlights: US sanctions Grinex and affiliates for laundering over $100 million in crypto. Grinex was created after authorities cracked down on Garantex in March 2025. Rewards offered for information on top Garantex executives worldwide. US authorities have sanctioned several cryptocurrency platforms for laundering more than $100 million in funds linked […]
By Maya Leonard Kyrgyzstan has taken a defining step toward becoming a regional hub for digital assets, positioning itself as one of Central Asia’s pioneering jurisdictions with a clear and enforceable legal framework for virtual assets. Unlike countries where crypto regulation remains vague or fragmented, Kyrgyzstan has enacted formal legislation through its Law on Virtual […]