Kyrgyzstan's emerging crypto sector: $22.8 million in tax revenue in 2025

BlockchainTherapist · 2026-02-22T06:12:18+00:00

In 2025, Kyrgyzstan emerged as a rising cryptocurrency hub, generating $22.8 million in tax revenue from $20.5 billion in transactions. The expansion includes over 200 exchanges and 11 mining companies, reflecting the sector's growth and significance in the global landscape.

BlockchainTherapist

2026-02-22 06:12:18

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Throughout 2025, Kyrgyzstan established itself as an emerging hub for the cryptocurrency industry. The sector generated an impressive $22.8 million in tax revenue for the national budget. This development highlights how dynamically the industry is growing in the Central Asian country.

The Remarkable Economic Record of the Crypto Sector in Kyrgyzstan

The numbers speak for themselves: in 2025, a total of $20.5 billion in crypto transactions were processed in Kyrgyzstan. This not only demonstrates the trading volume but also the strong trust of market participants in the local infrastructure. Tax revenues from the industry have become a significant economic factor.

Temir Kazybaev, Chairman of the Association of Virtual Asset Market Participants in Kyrgyzstan, revealed a remarkable comparison: tax revenues from the crypto sector far exceed the total income from the renowned Dordoi Bazaar ($7.9 million), the country’s most important trading center. Even more impressive is the comparison with patent tax revenues collected in 2025, which amounted to only $13.6 million.

Market Expansion and Infrastructure Development in Kyrgyzstan

The market structure shows steady growth: over 200 registered cryptocurrency exchanges are now operating in Kyrgyzstan, supported by 11 local mining companies. This infrastructure underscores the increasing institutionalization and professionalization of the sector in the country. The diversity of market participants fosters competition and innovation within Kyrgyzstan’s ecosystem.

The transformation of the crypto sector in Kyrgyzstan from a niche activity to an established economic industry reflects global trends and local opportunities. With such significant tax revenues and continuous transaction volumes, Kyrgyzstan is increasingly positioning itself as a relevant player in the international crypto landscape.

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