Kyrgyzstan will become the first country in the EEU, which will release its own cryptocurrency.

Causes release of national e-money lies in the fact that the authorities of Kyrgyzstan decided to develop gold deposits for which the state needs private investment. A quick way to attract investments – issuance of digital money, are not yet extracted resources. This is the first such public project in the countries of the Eurasian economic Union (EEU). The owners of the tokens, after the development of the field will be able to exchange them for precious metals. The cost of one token is not yet defined.

The government of Kyrgyzstan hopes to raise $5 million to $40 million during the upcoming ICO. The money TDK is investing in the development of a gold Deposit, with total reserves of 40 tons If the project succeeds, the next stage will be investments in agricultural projects. According to experts, the potential volume of investment in all projects involving the national cryptomonad may exceed $500 million.

Head of the working group of the Central Bank of Russia for the study of cryptocurrencies Elina Sidorenko, considers the idea of the authorities of Kyrgyzstan successful.

I'm excited about crypto getting into the political sphere in this way, rather than being put into laws and people trying to ban it or fight against it. It'll also be raising the value of altcoins a lot over time if more countries keep adopting some form of integration with crypto, because more and more people are going to learn about it and start taking it seriously. I think in a lot of cases people hear digital currency and think it's monopoly money but this kind of news really raises the bar!

Very interesting. Thanks for sharing!

Kondrat, thank you for this article post; super exciting venture. My name is ALEX VAGO, my business partner & I are in Los Angeles; can you please email me for direct communication at: [email protected]