Kyrgyzstan has taken a concrete step towards creating a state reserve of crypto resources in practice, on the Bitcoin longing for government-supported mining operations.
Kyrgyzstan is aimed at Bitcoin Reserve and State Mining
At a September 9 hearing By Zhogorku Kenesh (Parliament’s) Committee for Budget, Economic and Fiscal Policy, Minister for Economics and Trade Bakyt Southkov said draft changes to the law “On virtual assets” introduce the concepts “state mining” and a “state cryptocurrency reserve.”
He claimed that the reserve would be built through several channels – “mining, tokenization of actual assets and the issuance of Stablecoins supported by the national currency” – and that the mechanism would “strengthen the country’s financial stability and provide new accumulation tools.”
The Minister anchored the discussion in hard numbers about the scale of the sector. From January to July 2025, the turnover of companies operating in Kyrgyzistan’s crypto economy exceeded “1 trillion Soms”, which generated “900 million to 1 billion as” in tax revenue. Official registers now list 169 crypto replacements, 13 cryptout exchanges and 11 mining companies, said South Kit.
Energy security – and what asset the state would actually have my – dominated the exchange of the committee. MP Dastan Bekeshev warned that “about 800 thousand kilowatts are required to break a bitcoin. This is enough energy to operate about 1,200 apartments in a month. Winter is coming – is it worth the risk?”
In response, Sydykov said that Kyrgyzstan applies separate power tariffs to mining and that the state would follow them. He emphasized that no mining farms would be placed at thermal power plants (TPP) or at the support Kambar-A-1 Hydro plant. “The main purpose of thermal power plants and hydroelectric power plants, including Kambar-A-1 under construction, is not related to mining operations. The capacity for small hydropower plants is used for this area: 17 of them are currently operating and another 15 projects are under implementation,” the minister said.
The draft review of the market rules as well. Sydykov said that from 1 January 2026, all crypto replacements that try to operate independently must hold at least SEK 10 billion that in authorized capital – a precautionary field that the government says is designed to “strengthen confidence in the market and develop the crypto industry in the country.”
Local media that track the proposal’s progress note that “state mining” is defined as extraction of digital assets by means of state energy, infrastructure and technical resources, with the reserve that should not only be formed from mining revenue but also from issue and acquisition of virtual assets owned by the state.
While the bill’s language consistently uses “Cryptocurrency reserve”, the exchange and risks framing centered on bitcoin. Bekeshev’s comparison for power use explicitly referred to “one bitcoin”, and the government’s preferred delivery source-to reduce points to BTC first.
Kyrgyzstan is raging Kazakhstan in Central Asia’s cryptopush
The practical emphasis also corresponds to previous policy signaling. In mid -April, Kyrgyzistan’s National Investment Agency signed a strategic memorandum with binance founder Changpeng ZhaoFormally, he appoints him as an adviser for national blockchain policy and web3 strategy. In early May, during a visit to Bishkek, Zhao publicly suggested that the country use Bitcoin – Alongside BNB – as the first assets for a national crypto reserve.
Push comes when Kyrgyzistan’s crypto sector has become both a budget supporter and a geopolitical flashpoint. The surge in domestic platform activity has coincided with Western sanctions review, including British and US measures in August directed units linked to a Rooble-Pegged StableCoin network and Kyrgyzian company was alleged to have helped Russian sanction-weighting-printed to President Sadyr Japarov. The government has rejected errors and emphasized that crypto-related banking operations are under state surveillance.
Regional context is changing in parallel. Nearby Kazakhstan Has just suggested to create a national “Crypto Reserve Fund” during its State of the Nation Blueprint, part of a broader agenda for digital assets that include a pilot “Cryptocity” and new legislation in 2026.
Analyst Daniel Batten marked An important difference with other Bitcoin-Nyfikna states and notes at X that, “Unlike El Salvador, Pakistan, Argentina, Car, Kazakhstan Don’t have an IMF loan– So this order is likely to go through unobstructed. “If Astana continues, it would mark a second central Asian superb to build a formal digital asset buffer, intensifying regulatory and competitive dynamics in the region.
At press time, Bitcoin traded at $ 112,684.
Featured image created with Dall.e, chart from tradingview.com
Editorial process For Bitcoinist is centered on delivering thoroughly investigated, correct and impartial content. We maintain strict purchasing standards, and each page undergoes frequent review of our team of top technological experts and experienced editors. This process ensures integrity, relevance and value of our content for our readers.
