Kyrgyzstan Shuts Stablecoin USDKG, Burns 50M Tokens After UK Sanctions

Kyrgyzstan is winding down USDKG, its state-backed gold stablecoin, and liquidating both its issuer and the country’s first state-owned crypto exchange. Kyrgyzstan Pulls Plug on USDKG and State-Owned Crypto Exchange Kyrgyzstan is pulling the plug on one of the crypto industry’s more unusual sovereign experiments. The government has ordered the liquidation of EVA, issuer of […]