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Kyrgyzstan Shuts Stablecoin USDKG, Burns 50M Tokens After UK Sanctions

Josh1 min read

Kyrgyzstan flag with coinsKyrgyzstan is winding down USDKG, its state-backed gold stablecoin, and liquidating both its issuer and the country’s first state-owned crypto exchange. Kyrgyzstan Pulls Plug on USDKG and State-Owned Crypto Exchange Kyrgyzstan is pulling the plug on one of the crypto industry’s more unusual sovereign experiments. The government has ordered the liquidation of EVA, issuer of […]

Source: https://news.bitcoin.com/regulation-and-legal/kyrgyzstan-shuts-stablecoin-usdkg-burns-50m-tokens-after-uk-sanctions/

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