The post Kyrgyzstan’s Crypto Market Surpasses Major Bazaar With $22.8M in Tax Revenue appeared on BitcoinEthereumNews.com.

TLDR: Kyrgyzstan’s crypto sector generated $22.8 million in tax revenue, exceeding major market sources. Digital asset transactions reached $20.5 billion annually with over 200 exchanges operating legally. Crypto taxes surpass combined revenue from Dordoi Bazaar and all patent-paying businesses together. New regulations define cryptocurrencies while international sanctions target alleged evasion schemes.   Kyrgyzstan’s cryptocurrency sector has emerged as a major tax contributor, collecting $22.8 million in 2025. The digital asset market processed over $20.5 billion in transactions last year. This revenue exceeds the combined taxes from Dordoi Bazaar and all patent-paying businesses. The country now hosts more than 200 crypto exchanges and 11 mining companies. Crypto Industry Outperforms Traditional Revenue Sources The cryptocurrency market in Kyrgyzstan has proven its economic value through substantial tax contributions. According to Temir Kazybaev, Chairman of the Association of Virtual Asset Market Participants, the sector’s tax income surpasses traditional sources. Dordoi Bazaar, the country’s largest commodity market, generated only $7.9 million in taxes during the same period. Meanwhile, patent tax collection across the nation totaled $13.6 million. Kazybaev explained the revenue disparity to Times of Central Asia. “Just over $7.9 million in taxes was collected from the Dordoi bazaar over the year,” he stated. Kyrgyzstan’s crypto market has quickly become one of the fastest-growing sectors in the country’s economy. According to official data, the country’s crypto transaction volume surpassed $7.9 billion in the first three quarters of 2025, with a total annual volume exceeding $20.5… — Wu Blockchain (@WuBlockchain) February 12, 2026 “Patent tax collection totaled $13.6 million. In other words, the entire market and all individuals in Kyrgyzstan working under a patent paid as much tax as was collected from cryptocurrency turnover.” Public perception of cryptocurrency has transformed considerably in recent years. Most Kyrgyz citizens previously viewed digital assets as fraudulent schemes or pyramid…

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Filed under: News - @ February 12, 2026 8:27 am