News agency Sputnik , operating in Kyrgyzstan, announced that as an experiment it would pay salaries to their employees in Bitcoins. This is interesting, because cryptocurrencies are still prohibited by Central Bank of the country.
Despite the fact that Kyrgyzstan, like Russia , has a negative attitude to Bitcoins, the first Bitcoin atm in Central Asia is installed in the capital of Kyrgyzstan, Bishkek, in pizzeria Dolce Vita .
"State control of money is an atavism. Humanity is evolving rapidly and is no longer in need of supervision and enforcement apparatus. The members of a modern Society are able to regulate themselves," says Iskander Sharsheev, business analyst and owner of the crypto exchange in Gyrgyzstan.
"Under the legislation of the Kyrgyz Republic, the sole legal tender on the territory of our country is the national currency of Kyrgyzstan Som. The use of ‘virtual currency’, bitcoins, in particular, as a means of payment in the Kyrgyz Republic will be a violation of the law of our state," says Central Bank’s representative. Kirgizia is a country located in Central Asia. Landlocked and mountainous, Kyrgyzstan is bordered by Kazakhstan to the north, Uzbekistan to the west, Tajikistan to the south west and China to the east. It’s capital and largest city is Bishkek. Also, this country was previously part of the Soviet Union.
Kyrgyz authorities adopt laws with an eye on Russia, said the expert on Central Asia, Arkady Dubnov. According to Mr. Dubnov, this is due to several concerns. Firstly, Kyrgyzstan remains the most Russian-focused country in the region. Another major partner could be China, but the connection between China and Kyrgyzstan is not as strong. Secondly, is Kyrgyzstan’s entry into the Eurasian Economic Union. "When Kyrgyzstan wants to join organizations, Russia has made a number of concessions on the conditions. Kyrgyzstan is now paying […]
