Regulation· ★★★· neutral·

Kyrgyzstan to Require Crypto Exchanges to Disclose Transfer Data

  • —Crypto exchanges in Kyrgyzstan will be required to transmit sender and recipient data on transfers
  • —The framework will draw on FATF standards and practices from Singapore, the EU, UK, Japan, Switzerland and UAE
  • —The working group includes the financial intelligence service, financial market regulator and the National Bank
  • —Threshold amounts and launch timelines for the Travel Rule system have not yet been determined
Why it matters: Kyrgyzstan is tightening oversight of crypto transactions, potentially affecting the jurisdiction's appeal to crypto businesses.
Source: BeInCrypto RU
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