LAW OF THE KYRGYZ REPUBLIC

of August 5, 2022 No. 81

About modification of some legal acts in the field of virtual assets

Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 30, 2022

Article 1.

Bring in part I of the Civil code of the Kyrgyz Republic (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 1996, No. 6, the Art. 80) the following changes:

1) article 22 after the words "securities" to add with the words "virtual assets";

Article 23 to add 2) with part 5 of the following content:

"5. Concept and types of virtual assets, and also features of turnover of virtual assets are determined by the legislation in the field of virtual assets.".

Article 2.

Bring in the Law of the Kyrgyz Republic "About counteraction to financing of terrorist activities and to legalization (washing) of the criminal income" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2018, Art. No. 7-8, 487) the following change:

to add part 1 of Article 5 with Item 19 of the following content:

"19) service providers of virtual assets.".

Article 3.

Bring in the Law of the Kyrgyz Republic "About licensed authorization system in the Kyrgyz Republic" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2013, No. 9, the Art. 990) the following changes:

1) paragraph two of part 4 of article 2 after words "the housing and savings credit companies," to add with the words "about activities in the field of virtual assets";

2) Article 15 to add with Item 62 following of content:

"62) activities of service providers of virtual assets.".

Article 4.

Bring in the Law of the Kyrgyz Republic "About the security market" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2009, No. 7, the Art. 761) the following change:

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info