Kyrgyzstan advanced on October 25 by approving a pilot for the Central Bank Digital Currency (CBDC) called the Digital Som. Chinese tech firm Sign led the development, actively contributing to the program. Sign’s SignStack full-stack solution uniquely addresses the sovereign independence vs. international interconnectedness paradox facing Kyrgyzstan’s digital transformation, building a modern, compliant digital financial infrastructure.
Through this collaboration, the pilot aims to deliver a more secure and efficient funding channel compared with legacy systems and to stand as a replicable Central Asian model for deeper digital economy integration between Kyrgyzstan and regional partners. The initiative underscores robust compliance and governance to support cross-border interoperability in the evolving financial landscape.
Source: https://en.coinotag.com/breakingnews/kyrgyzstan-launches-digital-som-cbdc-pilot-powered-by-signs-signstack-full-stack-solution-to-balance-sovereignty-and-digital-connectivity
