BISHKEK, Kyrgyzstan, August 9. Kyrgyzstan plans to launch a digital som on January 1, 2027, Trend reports.
The National Bank of Kyrgyzstan has proposed amendments to the law to give official status to digital som as a legal payment method.
According to the draft, the digital som will be the national currency of Kyrgyzstan and will be recognized as legal tender within the country. Digital soms will be issued through a specialized platform.
The National Bank will operate this platform, which will handle the issuance, accounting, and distribution of digital soms. The bank will hold exclusive rights to issue the digital currency.
The legal status of the digital currency will depend heavily on the technical platform and the success of a pilot phase for testing the digital som.