Kyrgyzstan orders liquidation of USDKG issuer and Coin Nomad Exchange
- —Cabinet Order No. 639-t dated August 20 orders liquidation of EVA and Coin Nomad Exchange
- —Coin Nomad entered voluntary liquidation after a shareholder vote on September 3
- —Creditors have until around October 14, 2026, to file claims against Coin Nomad
- —About 50 million USDKG tokens are circulating near $1, backed by 376 kg of gold worth $50.3 million
Why it matters: The token trades near $1, but with no redemption deadline or verification process, holders depend on a wind-down issuer to honor claims.
Source: Crypto Briefing