According to a statement by Farkhat Iminov, head of the specialized agency, the digital asset sector is demonstrating rapid dynamics. The development of this sphere and the creation of a specialized state body are aimed at market regulation, risk management, and ensuring the stable growth of technologies.

StoriesKyrgyzstan's virtual asset market growth forecastSlides: 5
  1. Kyrgyzstan's virtual asset market growth forecast
  2. Market expansion: Turnover is expected to grow significantly in 2025; A specialized state body was created for regulation; The sector aims to manage risks and ensure stable growth
  3. 2.74 trillion som — forecasted turnover in 2025
  4. 1.48 billion som — expected tax revenues from providers in 2025
  5. «Virtual assets are digital assets created using distributed ledger technology or similar, which possess value.» — Farkhat Iminov

Forecasts and Turnover Indicators

According to the agency, a significant increase in transaction volumes is expected in the coming years. In particular, a manifold increase in market turnover is projected for 2025 compared to the previous period.

923.7 billion2024 turnover (som)
2.74 trillion2025 turnover forecast (som)
2.2 trillion1st half of 2026 turnover (som)
3.8 millionnumber of operations in the 1st half of 2026

Budget Contribution

The development of digital technologies is also impacting public finances. In 2025, tax revenues from virtual asset service providers are expected to be around 1.48 billion som.

"Virtual assets are digital assets created using distributed ledger technology or similar, which possess value. These include cryptocurrencies, tokens, and other types of assets that can be bought, sold, stored, and transferred to other users."
Farkhat Iminov, head of the National Agency for Virtual Assets and Blockchain Technologies
  • May 2026 — The National Agency for Virtual Assets and Blockchain Technologies was established by a decree of President Sadyr Japarov