Kyrgyzstan has passed a bill to create a statecryptocurrency reserve and support the digital asset sector. Lawmakers approvedamendments to the “On virtual assets” bill in three readings at once,introducing terms such as “state crypto reserve” and “state mining,” theparliament said today (Wednesday).Legal Framework for Stablecoins and Tokenized AssetsThe bill, presented by Economy and Commerce Minister BakytSydykov, outlines a legal framework for stablecoins, tokenized real-worldassets, and state-run crypto operations. You may find it interesting at FinanceMagnates.com: WhyNations Are Rethinking Reserves After America’s Bold 200K Bitcoin Bet.Sydykov said the reserve would allow the state to holdassets through mining, tokenization, and fiat-backed stablecoins. He added thatthe initiative could increase financial stability by diversifying accumulationinstruments.JUST IN: 🇰🇬Kyrgyzstan’s Parliament approves bill introducing state-backed crypto mining, a national crypto reserve, and a licensing system for digital assets. pic.twitter.com/tmFFksoBQd— Crypto India (@CryptooIndia) September 10, 2025Mining Regulations ClarifiedThe minister clarified that the government would followexisting mining tariffs and would not use thermal power plants for mining. “Themain purpose of the thermal power plant and Kambar-Ata-1 is not mining,” hesaid.State-Backed Crypto Initiatives AbroadMeanwhile, the U.S. and Kazakhstan have also introducedstate-backed crypto initiatives. The U.S.has established a Strategic Bitcoin Reserve and Digital Asset Stockpile,while Kazakhstan has proposed a national crypto fund under its central bank andis developing legislation and a city for crypto-based transactions.Digital Assets Enter National Reserve StrategiesGlobal finance is undergoing change, with countriesre-evaluating their strategic reserves. Traditionally based on gold, foreigncurrencies, and sovereign debt, some nations are now considering digital assetslike Bitcoin.After the U.S. initiative, other countries—includingSwitzerland, Poland, Ukraine, and Kazakhstan—have explored limited Bitcoinallocations or regulatory frameworks. While official holdings remain small,these developments indicate a growing recognition of Bitcoin’s potential rolein national financial strategy and a shift toward incorporating decentralizeddigital assets into reserve planning.This article was written by Tareq Sikder at www.financemagnates.com.