Kyrgyzstan takes preventive measures against A7 and A7A5-linked market participants

Kyrgyzstan takes preventive measures against A7 and A7A5-linked market participants
Photo: Knews

Kyrgyzstan has taken preventive measures against market participants linked to the A7 network and the A7A5 stablecoin, according to Bakyt Sydykov, the special presidential envoy for sanctions policy. He said the country takes seriously concerns raised by the European Union, the United Kingdom and the United States that third countries could be used to bypass sanctions. Kyrgyzstan's territory, jurisdiction and banking and payment infrastructure must not be used for such operations.

As of 20 October 2026, 52 legal entities had ceased activity and 57 more were undergoing forced liquidation, the envoy said. State banks have closed more than 240 accounts. The financial regulator revoked licences of several market participants, and the Cabinet of Ministers ordered the liquidation of some organisations. Materials on other entities were sent to competent authorities. The figures cover sanctions-risk work overall, not only A7 and A7A5, and an inspection alone does not indicate a violation.

A draft presidential decree on virtual assets would add sanctions screening against UN, EU, UK and US lists.

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This story was automatically summarised and translated from Knews. All rights to the story belong to its source.

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