A new member has joined the Business Development and Investments Council under the Cabinet of Ministers of the Kyrgyz Republic - the Association of Virtual Asset Market Participants (AVAMP). This decision underscores the growing importance of the digital economy and opens new opportunities for the development of the crypto industry in the country.

Founded on October 14, 2024, AVAMP brings together leading companies and professionals working in the field of virtual assets. The Association’s mission is to create a sustainable and transparent ecosystem that fosters innovation, educational initiatives, and the responsible development of the cryptocurrency market in the Kyrgyz Republic.

AVAMP’s vision is to become a leading organization that sets standards and best practices in the field of virtual assets, protects the interests of market participants, and promotes the integration of the Kyrgyz Republic into the global cryptocurrency community.

Key areas of AURVA’s work include:

• supporting market participants and strengthening industry cooperation;
• contributing to the development and implementation of regulations ensuring market security and transparency;
• organizing educational programs to improve financial and crypto literacy;
• promoting innovation and the adoption of new technologies in blockchain and digital finance.

“The inclusion of our Association in the Business and Investment Development Council is a landmark event and a great honor for us. We see this as recognition of the importance of virtual assets and as a vote of confidence in our organization.
This membership gives us the opportunity to directly contribute to shaping the future of the industry — not only through the development of legislation but also through educational initiatives and the promotion of innovation. We will work to create a reliable and transparent environment to raise financial literacy among the population and ensure the stability of the market.
Our main goal is to make the Kyrgyz Republic a leader in the field of virtual assets in Central Asia. We are confident that our participation in the Council will help strengthen the country’s economy and attract investment.”

Temir Kazybay, Chairman of the Association