Regulatory Alerts2018-01-17 | 129571Regulation on the Committee for the Payment System and Digital Financial Technologies of the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic establishes a standing collegial Committee to coordinate and regulate payment systems, digital financial technologies, and the digital som within a special regulatory regime. The Committee exercises delegated authority to issue binding decisions, develop normative frameworks, oversee licensing and inspections for virtual asset participants, and manage systemically important payment infrastructure. Its operations are governed by defined composition rules, meeting quorums, voting procedures, and accountability mechanisms to ensure compliance with Kyrgyz legislation.
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