CZ praised KGST on September 5; the separate USDKG project limits direct redemption to institutions, and its issuer has faced UK sanctions since May. The post CZ’s Kyrgyzstan visit highlights why state backing cannot guarantee a stablecoin exit appeared first on CryptoSlate .

Source: [CryptoSlate](https://cryptoslate.com/czs-kyrgyzstan-visit-highlights-why-state-backing-does-not-guarantee-a-stablecoin-exit/)

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