Kyrgyzstan’s central bank taps CertiK for digital som security and oversight

The National Bank of the Kyrgyz Republic (NBKR) and CertiK have entered into a long-term strategic partnership to support the security of the country’s digital som and strengthen oversight of digital assets. Under a memorandum of understanding announced on Monday, the parties will exchange expertise and explore cooperation on security assessments, formal verification, cybersecurity and digital asset risk management. CertiK will provide technical and strategic support based on its experience in digital asset security and risk management. “The Memorandum of Understanding that we are signing today establishes a framework for further dialogue and cooperation,” said Mr. Sanzhar Abdygaziev, Member of the Board of the NBKR. “We see particular value in exchanging experience and expertise in blockchain and digital asset security, cybersecurity, AML/CFT, and the analysis and monitoring of digital asset transactions.” The organizations will also explore regulatory advisory work covering AML/CFT, digital asset custody, security standards and licensing requirements. They may deploy CertiK’s Supervision and Compliance solutions to support ongoing risk monitoring and regulatory oversight, while a...