Kyrgyz Republic Approved to Proceed with Nano Labs鈥� CNH-Pegged Stablecoin Initiative
Nano Labs (Nasdaq: NA) has received approval from the Kyrgyz Republic to proceed with its CNH-pegged stablecoin initiative. The approval comes from both the National Investment Agency and the National Council for the Development of Virtual Assets and Blockchain Technologies under the President of the Kyrgyz Republic.
The project aims to enhance China-Kyrgyzstan economic cooperation by facilitating cross-border settlements and expanding investment opportunities. Nano Labs will submit a comprehensive white paper and technical documentation as recommended by Kyrgyz authorities. Additionally, the company has decided to abandon its plans for an HKD/CNH-pegged stablecoin in Hong Kong, focusing instead on stablecoin initiatives in Belt and Road countries.
Nano Labs (Nasdaq: NA) ha ottenuto l'approvazione dalla Repubblica del Kirghizistan per procedere con la sua iniziativa di stablecoin ancorata al CNH. L'approvazione 猫 arrivata sia dall'Agenzia Nazionale per gli Investimenti che dal Consiglio Nazionale per lo Sviluppo degli Asset Virtuali e delle Tecnologie Blockchain sotto la Presidenza della Repubblica del Kirghizistan.
Il progetto mira a rafforzare la cooperazione economica tra Cina e Kirghizistan facilitando i pagamenti transfrontalieri e ampliando le opportunit脿 di investimento. Nano Labs presenter脿 un white paper dettagliato e la documentazione tecnica come richiesto dalle autorit脿 kirghize. Inoltre, l'azienda ha deciso di abbandonare i piani per una stablecoin ancorata a HKD/CNH a Hong Kong, concentrandosi invece sulle iniziative di stablecoin nei paesi della Belt and Road.
Nano Labs (Nasdaq: NA) ha recibido la aprobaci贸n de la Rep煤blica Kirguisa para avanzar con su iniciativa de stablecoin vinculada al CNH. La aprobaci贸n proviene tanto de la Agencia Nacional de Inversiones como del Consejo Nacional para el Desarrollo de Activos Virtuales y Tecnolog铆as Blockchain bajo la Presidencia de la Rep煤blica Kirguisa.
El proyecto busca fortalecer la cooperaci贸n econ贸mica entre China y Kirguist谩n facilitando los pagos transfronterizos y ampliando las oportunidades de inversi贸n. Nano Labs presentar谩 un white paper completo y documentaci贸n t茅cnica seg煤n lo recomendado por las autoridades kirguisas. Adem谩s, la empresa ha decidido abandonar sus planes para una stablecoin vinculada a HKD/CNH en Hong Kong, enfoc谩ndose en cambio en iniciativas de stablecoin en los pa铆ses de la Franja y la Ruta.
Nano Labs (雮橃姢雼�: NA)電� 韨るゴ旮办姢 瓿淀檾甑溂搿滊秬韯� CNH 鞐半彊 鞀ろ厡鞚措笖旖旍澑 頂勲鞝濏姼 歆勴枆 鞀轨澑鞚� 氚涭晿鞀惦媹雼�. 鞚� 鞀轨澑鞚� 韨るゴ旮办姢 瓿淀檾甑� 雽�韱惦牴 靷绊晿 甑皜韴瀽觳臣 臧�靸侅瀽靷� 氚� 敫旊觳挫澑 旮办垹 臧滊皽 甑皜鞙勳洂須� 鞏戩浮鞐愳劀 鞚措（鞏挫鞀惦媹雼�.
鞚� 頂勲鞝濏姼電� 欷戧淡瓿� 韨るゴ旮办姢鞀ろ儎 臧� 瓴届牅 順戨牓 臧曧檾毳� 氇╉憸搿� 頃橂┌, 甑步 臧� 瓴办牅毳� 鞖╈澊頃橁矊 頃橁碃 韴瀽 旮绊殞毳� 頇曤寑頃� 鞓堨爼鞛呺媹雼�. Nano Labs電� 韨るゴ旮办姢 雼龟淡鞚� 甓岅碃鞐� 霐半澕 膦呿暕 氚膘劀鞕� 旮办垹 氍胳劀毳� 鞝滌稖頃� 瓿勴殟鞛呺媹雼�. 霕愴暅, 須岇偓電� 頇嶌僵鞐愳劀 HKD/CNH 鞐半彊 鞀ろ厡鞚措笖旖旍澑 瓿勴殟鞚� 韽赴顷橁碃, 雽�鞁� 鞚茧寑鞚茧 甑皜霌れ棎靹滌潣 鞀ろ厡鞚措笖旖旍澑 靷梾鞐� 歆戩頃橁赴搿� 瓴办爼頄堨姷雼堧嫟.
Nano Labs (Nasdaq : NA) a obtenu l'approbation de la R茅publique kirghize pour poursuivre son initiative de stablecoin index茅e sur le CNH. Cette approbation provient 脿 la fois de l'Agence nationale des investissements et du Conseil national pour le d茅veloppement des actifs virtuels et des technologies blockchain sous la pr茅sidence de la R茅publique kirghize.
Le projet vise 脿 renforcer la coop茅ration 茅conomique entre la Chine et le Kirghizistan en facilitant les r猫glements transfrontaliers et en 茅largissant les opportunit茅s d'investissement. Nano Labs soumettra un livre blanc complet ainsi que la documentation technique recommand茅e par les autorit茅s kirghizes. De plus, la soci茅t茅 a d茅cid茅 d'abandonner ses plans pour une stablecoin index茅e HKD/CNH 脿 Hong Kong, se concentrant plut么t sur les initiatives de stablecoin dans les pays de la Ceinture et la Route.
Nano Labs (Nasdaq: NA) hat von der Kirgisischen Republik die Genehmigung erhalten, mit seiner CNH-gebundenen Stablecoin-Initiative fortzufahren. Die Zustimmung stammt sowohl von der Nationalen Investitionsagentur als auch vom Nationalen Rat f眉r die Entwicklung virtueller Verm枚genswerte und Blockchain-Technologien unter dem Pr盲sidenten der Kirgisischen Republik.
Das Projekt zielt darauf ab, die wirtschaftliche Zusammenarbeit zwischen China und Kirgisistan zu st盲rken, indem grenz眉berschreitende Abwicklungen erleichtert und Investitionsm枚glichkeiten erweitert werden. Nano Labs wird ein umfassendes Whitepaper und technische Dokumentationen einreichen, wie von den kirgisischen Beh枚rden empfohlen. Dar眉ber hinaus hat das Unternehmen beschlossen, seine Pl盲ne f眉r eine in HKD/CNH gebundene Stablecoin in Hongkong aufzugeben und sich stattdessen auf Stablecoin-Initiativen in den L盲ndern der Belt and Road zu konzentrieren.
- Received official approval from Kyrgyz Republic for CNH-pegged stablecoin
- Strategic positioning in Belt and Road countries for stablecoin development
- Potential to facilitate cross-border trade and settlements between China and Kyrgyzstan
- Abandonment of Hong Kong stablecoin plans indicates market strategy shift
- Additional regulatory requirements needed including white paper and technical documentation
- Success depends on further approvals and stakeholder collaboration
HONG KONG, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (鈥渨e,鈥� the 鈥淐ompany鈥� or 鈥淣ano Labs鈥�), a leading Web 3.0 infrastructure and product solution provider in China, today announced receipt of approval from the Kyrgyz Republic to proceed with its proposal (the 鈥淧roposal鈥�) to issue a stablecoin pegged to the offshore Chinese Yuan (CNH) within the country.
According to an official letter from both the National Investment Agency under the President of the Kyrgyz Republic and the National Council for the Development of Virtual Assets and Blockchain Technologies under the President of the Kyrgyz Republic, the Proposal has been reviewed by senior authorities within the Presidential Administration and has received clearance to proceed.
The stablecoin project (the 鈥淧roject鈥�) aims to support the growing trade and economic cooperation between China and Kyrgyzstan-facilitate cross-border settlements, expand investment opportunities, and increase transparency of operations in the digital financial space.
In line with recommendations from the Kyrgyz authorities, Nano Labs will submit a comprehensive white paper and key technical documentation. The Company will continue to collaborate closely with all relevant stakeholders to ensure the Project鈥檚 steady and compliant execution.
Concurrently, Nano Labs announced its decision to formally forgo plans to apply for an HKD- or CNH-pegged stablecoin project in the Hong Kong SAR. The Company will instead redirect its resources toward developing stablecoin initiatives in Belt and Road countries.
About Nano Labs Ltd
Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China. Nano Labs is committed to the development of high throughput computing (鈥淗TC鈥�) chips and high performance computing (鈥淗PC鈥�) chips. Nano Labs has built a comprehensive flow processing unit (鈥淔PU鈥�) architecture which offers solution that integrates the features of both HTC and HPC. In addition, Nano Labs has actively positioned itself in the digital assets space, adopting BNB as its primary reserve asset. It has reserved in mainstream digital currencies including BNB and BTC, and established an integrated platform covering multiple business verticals, including HTC solutions and HPC solutions*. For more information, please visit the Company鈥檚 website at:聽.
*聽 According to an industry report prepared by Frost & Sullivan.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended,聽补苍诲听as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company鈥檚 plan to appeal the Staff鈥檚 determination, which can be identified by terminology such as 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渁im,鈥� 鈥渆stimate,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥渂elieve,鈥� 鈥減otential,鈥� 鈥渃ontinue,鈥� 鈥渋s/are likely to鈥� or other similar expressions. Such statements are based upon management鈥檚 current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company鈥檚 control, which may cause the Company鈥檚 actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company鈥檚 filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
For investor inquiries, please contact:
Nano Labs Ltd
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
贰尘补颈濒:听
FAQ
What approval did Nano Labs (NA) receive from the Kyrgyz Republic?
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