In Kyrgyzstan, oversight of virtual asset transactions has been strengthened.

These measures are being implemented to enhance the security of operations involving virtual assets and to minimize risks associated with money laundering and the financing of terrorism.

“For operators trading virtual assets, mandatory procedures for client identification and verification, publication of exchange rules, and reputation checks for beneficiaries have been established. Operations through unlicensed operators and the use of highly anonymous wallets are prohibited,” explains the source.

Additionally, requirements for the minimum charter capital of virtual asset trading operators have been introduced — it must now amount to 2 million calculated indicators (200 million soms).

“Virtual asset exchange operators are required to conduct annual audits, verify the reputation of owners, and notify the authorized body of any changes. There is also a ban on the use of prepaid cards from foreign financial institutions and the transfer of virtual assets to online casino addresses. The minimum charter capital for such operators has been set at 1 million calculated indicators (100 million soms),” clarified the State Financial Oversight.

According to the document, issuers of virtual assets are prohibited from issuing through private placement.

For miners, changes have been made to the registration process and the issuance of certificates as well as notifications regarding changes in data.

The financial market regulatory and supervisory service has been granted the authority to conduct test purchases of virtual assets to assess compliance with the new requirements. Providers have until January 1, 2026, to align their charter capital with the new regulations.