Crypto adoption in Kyrgyzstan is growing rapidly since 2020. In 2021, the central bank of Kyrgyzstan started developing draft laws for the crypto industry to recognize cryptocurrency trading and exchanges. The government also started realizing the benefits of blockchain technology and cryptocurrencies.
The rising crypto adoption and crypto mining in the country led to a massive level that resulted in an energy crisis in Kyrgyzstan. By creating and legalizing cryptocurrency, Kyrgyzstan will increase its dominance in the crypto field.