# Kyrgyzstan

A rouble-pegged stablecoin, launched this year to facilitate Russia’s cross-border payments, has crossed $40 billion in transaction volume.

Russian entities are exploiting Kyrgyzstan’s crypto infrastructure to bypass sanctions and procure dual-use goods for use in Ukraine.

In a new development, Binance has partnered with Kyrgyzstan to launch a nationwide crypto payment infrastructure and establish blockchain education programs. This move was officially announced on May 4, during the first meeting of the Council for the Development of Digital Assets in...