The Kyrgyz authorities should continue in-depth study of legislative initiatives in the field of digital assets. This is stated in the final statement of the staff of the International Monetary Fund (IMF) Article IV Advisory Mission for 2025.

According to experts, the launch of the digital som can contribute to the expansion of financial accessibility and inclusion. However, the implementation of this initiative should be accompanied by robust regulatory and cybersecurity measures to minimize potential risks.

The statement emphasizes cryptoasset trading and the establishment of crypto-banks. The IMF mission warns that these areas could carry systemic threats due to the high volatility of cryptoassets, as well as the associated risks in the areas of anti-money laundering (AML), counter-terrorist financing (CFT) and fraud.

“The granting of legal tender status to cryptoassets should be avoided in order to preserve monetary sovereignty, ensure financial system stability and consumer protection,” the statement said.

The mission also recommends the development of a regulatory framework that complies with international standards, including the Basel Committee on Banking Supervision principles. In particular, it refers to the implementation of risk-based capital requirements, robust governance systems and transparent classification and reporting of cryptoasset transactions.