Kyrgyzstan Central Bank Partners With CertiK on Digital Som Oversight

The National Bank of the Kyrgyz Republic has entered into a strategic partnership with blockchain security firm CertiK to develop a long-term framework for the cybersecurity, risk management and regulatory oversight of the country’s digital currency.

Partnership to Focus on Digital Currency Security

The cooperation agreement is intended to strengthen the security infrastructure surrounding Kyrgyzstan’s digital som, the central bank’s digital currency initiative. CertiK will work with the National Bank to support measures designed to identify and manage risks associated with the digital currency’s technology and operations.

The framework will address cybersecurity and risk-management considerations while helping establish oversight procedures for the digital som ecosystem.

Regulatory Oversight Framework

The partnership also covers the development of a longer-term regulatory and supervisory approach. Such a framework is intended to support the central bank’s ability to monitor the digital currency and address potential technology-related risks as the project develops.

The National Bank did not disclose additional details about the agreement’s implementation timeline or the specific technical systems that CertiK will assess.