Kyrgyzstan Shuts Stablecoin USDKG, Burns 50M Tokens After UK Sanctions

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Kyrgyzstan is winding down USDKG, its state-backed gold stablecoin, and liquidating both its issuer and the country’s first state-owned crypto exchange. Kyrgyzstan Pulls Plug on USDKG and State-Owned Crypto Exchange Kyrgyzstan is pulling…