The National Financial institution of the Kyrgyz Republic, the main financial institution of Kyrgyzstan, provides issued brand new statements confirming using bitcoin as well as other electronic currencies as a type of payment is illegal under nationwide regulation.
Released this July, the observe states that the sole lawful tender in Kyrgyzstan could be the national foreign currency, the som (KGS), and that as a result, any utilization of bitcoin for transaction violates this plan. At press period, 1 KGS had been really worth $ 0.019.
The record reads:
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