Kyrgyzstan orders digital som platform by end-2026, pilot from 2027
This digest was compiled by AI from multiple sources — links to the originals are below.
Kyrgyz President Sadyr Japarov chaired the third meeting of the National Council for Virtual Assets and Blockchain in Cholpon-Ata on September 5, 2026. The council ordered the National Bank to develop a digital som platform and complete pilot testing by December 31, 2026, with real-world trials starting in 2027. The National Agency for Virtual Assets was given three months to prepare subordinate regulations and propose amendments to the virtual assets law.
Key Facts
- The National Bank of Kyrgyzstan must develop a digital som platform and complete pilot testing by December 31, 2026.
- Real-world trials of the digital som are scheduled to begin in 2027 with phased implementation.
- The National Agency for Virtual Assets and Blockchain Technologies has three months to prepare subordinate regulations and propose amendments to the virtual assets law.
- The State Tax Service must review tax regulation proposals within two months.
- The National Agency for Virtual Assets must determine the cost and funding sources for a unified licensing and supervision platform within one month and start pilot testing from January 1, 2027.
Digital Som Timeline
The National Bank of Kyrgyzstan was ordered to develop a basic digital som platform and conduct pilot testing by December 31, 2026. Starting in 2027, the country plans to begin real-world testing with subsequent phased implementation. The council also considered the prospects for the KGST stablecoin pegged to the national currency.
Regulatory Acceleration
The National Agency for Virtual Assets and Blockchain Technologies (NAVA) was tasked with coordinating all ministries and agencies in the virtual assets sector. Within three months, NAVA must ensure the adoption of a package of subordinate regulations and work on amendments to the Law on Virtual Assets and other legislative acts. The State Tax Service must review proposals on improving tax regulation within two months. The Ministry of Science and Higher Education was instructed to train specialists for the virtual assets and blockchain sector.
Licensing Platform and Security
A new digital platform for licensing and state supervision in the virtual assets sector was presented at the meeting. NAVA must determine the cost of creating the unified platform and its funding sources within one month, with pilot testing to begin on January 1, 2027. The State Committee for National Security and the Ministry of Internal Affairs were ordered to conduct a comprehensive assessment of legislation and interagency mechanisms, define powers and responsibilities, and establish a unified procedure for information exchange and risk response.
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