Nocookies | News24

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Nocookies | News24

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Kyrgyzstan Orders Liquidation of $50 Million Gold-Backed Stablecoin Issuer — BigGo Finance

Kyrgyzstan’s government has pulled the plug on its flagship state-backed cryptocurrency experiment, ordering the liquidation of the company behind the USDKG stablecoin and the country’s first state-owned digital asset exchange. The Cabinet of Ministers directive, made public on October 7, 2026, targets EVA — officially registered as Issuer of Virtual Assets — and Coin Nomad…