Kyrgyz State Cryptocurrency Exchange Generates Profit Despite Core Losses

Kyrgyzstan's state-run cryptocurrency exchange, Coin Nomad Exchange, has generated a net profit of around 1.47 million KGS in the first half of the year. However, this is not due to its core business.

The company's core operations resulted in a loss of 1.57 million KGS, with operating expenses exceeding any potential revenue from cryptocurrency trading.

This profit was instead generated by non-operating activities, which totalled 3.03 million KGS.