The Kyrgyz Republic’s State Service for Regulation and Supervision of Financial Markets suspended GedEds Crypto LLC’s licence to operate as a virtual asset exchange operator for up to 90 calendar days, citing violations of the country’s virtual asset legal and regulatory requirements. The suspension was imposed under an order dated 29 December 2025, referencing Part 2 of Article 12 and Part 8 of Article 11 of the Law of the Kyrgyz Republic “On Virtual Assets” and paragraphs 36 and 37 of Chapter 9 of the Regulation on virtual asset exchange operator activity approved by Cabinet of Ministers Resolution No 514 of 16 September 2022. The notice identifies the affected authorisation as licence series No 0099 and registration number No 86 dated 14 May 2024, and reiterates operators’ reporting obligations including monthly operational reports and quarterly International Financial Reporting Standards financial statements comprising the statement of financial position, profit or loss and other comprehensive income, changes in equity, cash flows, and notes.
State Service for Regulation and Supervision of Financial Markets 2026-01-13
Kyrgyz Republic State Service for Regulation and Supervision of Financial Markets suspends GedEds Crypto LLC’s virtual asset exchange operator licence for up to 90 days
The Kyrgyz Republic’s State Service for Regulation and Supervision of Financial Markets suspended GedEds Crypto LLC’s licence to operate as a virtual asset exchange for up to 90 days due to violations of virtual asset legal and regulatory requirements. The suspension, effective from 29 December 2025, was based on specific articles of the Law "On Virtual Assets" and related regulations, with the licence identified as series No 0099 and registration No 86.