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    12/23/2024, 08:21

    Cryptocurrencies are most often used by men and entrepreneurs aged 35-44 in Kyrgyzstan

    The typical portrait of a cryptocurrency user in Kyrgyzstan is predominantly men aged 35-44 with higher education, who are often entrepreneurs. Such conclusions were reached by the Association of Virtual Asset Market Participants in the course of research among clients of licensed virtual asset service providers.

    These are users who have experience with cryptocurrencies from a few months to three years, actively use them to pay for goods and services, transfers and investments. Advantage is given to transactions with large sums using USDT steiblcoin, as well as bank transfers and e-wallets for deposit and withdrawal of funds.

    The formation of such a portrait of users is due to the unstable economic situation, limited access to international financial systems, as well as the desire of entrepreneurs to optimize costs and speed up financial transactions. The high level of digital literacy among this age group, as well as globalization and Kyrgyzstan's involvement in the world economy contribute to the popularization of cryptocurrencies for international settlements and investments.

    “In the future, we can expect an expansion of the audience at the expense of young people and more active introduction of other cryptocurrencies and technologies. A special aspect in this case will be the issues of digital and crypto-literacy of the population. This direction is one of the strategic goals of our Association”, - said the Association of Virtual Asset Market Participants.


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