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Category KGS

Kyrgyzstan issues gold-backed stablecoin USDKG on Tron

Kyrgyzstan issues gold-backed stablecoin USDKG on Tron

The government of Kyrgyzstan has officially launched USDKG, a stablecoin backed by gold and pegged to the U.S. fiat currency. The authorities in Bi...
Kyrgyzstan halts crypto mining for winter, vows to restart in spring

Kyrgyzstan halts crypto mining for winter, vows to restart in spring

Kyrgyzstan profits from cryptocurrency mining and will allow it to continue after the cold winter months, the country’s president has promised. The...
Russia enforces winter bans on crypto miners in Buryatia and Transbaikal

Russia enforces winter bans on crypto miners in Buryatia and Transbaikal

Russia is reinstating a ban on cryptocurrency mining in two of its regions in Siberia, which will remain in place until the spring. The restriction...
Authorities in Kyrgyzstan unplug mining hardware to save electricity

Authorities in Kyrgyzstan unplug mining hardware to save electricity

The government of Kyrgyzstan is disconnecting all crypto mining facilities from the grid, citing energy shortages as the key reason. The Central As...
Kyrgyzstan’s finance ministry registers the USDKG stablecoin

Kyrgyzstan’s finance ministry registers the USDKG stablecoin

Financial authorities in Kyrgyzstan have registered a new stablecoin, USDKG, which enjoys the full support of the state in the former Soviet republ...