Kyrgyzstan has taken a tangible step towards establishing a state -the state reserves -directly focused on bitcoin -with the government’s mining operations.
Kirgyzistan Mira to Bitcoin Reserve and Government Mining
During the hearing on September 9 In the Budget Committee, the economic and tax policy of Zhogorku Kenese (Parliament), Minister of Economy and Trade SYDYKOV said that the drafts of amendment to the “virtual assets” law will provide concepts of “state mining” and “the state reserve alongside the state”.
He explained that the reserve will be built through various channels – “mining, the symbol of real assets and the issuance of the supported by the national currency” – and that the mechanism will work to “enhance the financial stability of the country and provide new accumulation tools.”
The minister submitted tangible data on the sector. From January to July 2025, the rotation rate of companies operating in the encryption economy in Kyrgyzstan exceeded “1 trillion of the amount”, which led to “900 million to 1 billion amount” of tax revenues. Official records now indicate 169 13 exchange And 11 mining companies, SYDYKOV said.
Energy security dominated the debate in the committee. Destan Bekeshev’s deputy warned that about 800,000 kW is needed to undermine Bitcoin. It is sufficient to feed about 1,200 apartments for a month. Winter is coming – worth it? “
In response, Sidikov said that Kyrgyzstan applies separate electrical rates to mining and that the state will respect it. He stressed that no mining farm will take place at thermal power plants or in the electrical power system under the construction of Kambar-C-1. The minister said: “The main purpose of thermal power plants and hydroelectric energy, including Kambar-C-1 under construction, is not associated with mining. The ability of small electrical plants in this field is used: 17 projects currently operating and 15 other projects are under progress.”
A draft also reform market bases. Syodykov said that starting January 1, 2026, i.e. Exchange of cryptocurrency You want to work at the national level, it must have at least 10 billion of the approved capital – a shower threshold determined by the government “enhancing confidence in the market and developing a basement industry in the country.”
The local media that follows the law of the law emphasizes that “state mining” is defined as the extraction of digital assets using energy, infrastructure and technological resources of the state, with the reserve that will be formed not only through mining revenues but also through the issue of the distinctive symbol and acquisition of the state’s virtual assets.
Although the language of law is constantly used “cryptocurrency reserve Bitcoin. The comparison of the Bekeshev energy consumption led to an explicit signal to “Bitcoin”, and the preferred source of the government – mining – clearly indicates BTC as a major origin.
Kyrgyzstan runs against Kazakhstan in the Central Asia Corporation
This practical approach is also in line with previous policy signs. In mid -April, the National Investment Agency signed a strategic memorandum with Changpeng Zhao, co -founder of Binance, his exhibition was officially at a Blockchain National Policy and the Web3 strategy. At the beginning of May, during the Bishkek visit, Zhao publicly suggested that the country uses Bitcoin – with BNB – as the initial assets of the national cryptocurrency reserve.
The batch comes as the encryption sector in Kyrgyzstan has become central from an economic and geopolitical point of view. The increase in activity on local platforms coincided with control over Western sanctions, including British and American measures in August against entities related to a network of Stablecoin based on the Rablo Association and the Kirghise Association accused of facilitating the circumvent of Russian sanctions – the trends that prompted President Gabarov to communicate publicly Washington and London. The government rejected the accusations and stressed that the banking operations related to deception are under the supervision of the state.
The regional context moves in parallel. Kazakhstan, who is just near, suggested creating a “Crypty Crypti” as part of the “County of the Nation” plan, which is part of a wider agenda on digital assets that includes a “encrypted” experimental project and a new legislation by 2026.
The most prominent analyst Daniel Patten There is a major difference compared to other states interested in bitcoin, noting X “unlike El Salvador, Pakistan, Argentina and the car, Kazakhstan does not have a loan from the International Monetary Fund – so this initiative is likely to continue without obstacles.” If Astana continues, the second case of Central Asia will be the construction of a temporary store of digital assets, and the intensification of organizational and competitive dynamics in the region.
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