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Central Bank of Kyrgyzstan Prohibits SWIFT Transactions
Summary: Kyrgyzstan's central bank has prohibited all SWIFT network cross-border capital outflow due to the country's current political turmoil, according to AMBCrypto. The bank shutdown was implemented as a security measure for Kyrgyzstan's finances. The central bank's decision raises questions about whether or not crypto and other forms of DeFi could provide more consisent financial security for ...
Kyrgyzstan's central bank has prohibited all SWIFT network cross-border capital outflow due to the country's current political turmoil, according to AMBCrypto. The bank shutdown was implemented as a security measure for Kyrgyzstan's finances.
The central bank's decision raises questions about whether or not crypto and other forms of DeFi could provide more consisent financial security for Kyrgyzstan, especially during a time of political unrest and the COVID-19 pandemic.
By Isaac Goluboff
Tags: Crypto,DeFi,SWIFT
Link: Central Bank of Kyrgyzstan Prohibits SWIFT Transactions [Copy]
