The National Bank of the Kyrgyz Republic has opened a public consultation on a draft decision that would approve rules for the creation and operation of financial platforms, or marketplaces, in the Kyrgyz Republic. The draft is framed as a response to the rapid development of digital financial technologies and the expanded use of fintech solutions, including higher requirements for anti-fraud and information security systems, a move to digital documentation, and measures to protect personal data. It also seeks to address the absence of rules setting timelines and procedures for refusing registration or cancelling the registration of financial platform service operators. Comments and proposals are requested by 13 January 2026.
National Bank of the Kyrgyz Republic 2025-12-30
National Bank of the Kyrgyz Republic launches public consultation on rules for financial platforms and marketplace operator registration
The National Bank of the Kyrgyz Republic has launched a public consultation on a draft decision to establish rules for financial platforms in response to the growth of digital financial technologies. The draft addresses anti-fraud and information security, digital documentation, personal data protection, and procedures for registration and deregistration of platform operators.