Nano Labs receives Kyrgyz approval for CNH-pegged stablecoin project
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Kyrgyz Republic Approved to Proceed with Nano Labs’ CNH-Pegged Stablecoin Initiative
August 4, 2025 6:00 AM EDTHONG KONG, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (we, the Company or Nano Labs), 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 Proposal) 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... More
