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Day: April 25, 2025
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For the first time in Kyrgyzstan’s financial market, a state-owned bank has introduced a self-limitation service on loans, aiming to strengthen cybersecurity and protect citizens from financial fraud.
A New Step Toward Cybersecurity
According to the Union of Banks of Kyrgyzstan, Eldik Bank, a state-owned institution, has launched a digital self-limitation service for its clients. The bank believes the mechanism could significantly enhance cybersecurity across the entire banking sector, especially if commercial and other state banks adopt the initiative as well.
Earlier, the National Bank of the Kyrgyz Republic (NBKR) had started examining international experiences regarding self-prohibition of online loans and the feasibility of implementing such a practice domestically. The NBKR notes that a self-ban mechanism could not only shield customers from fraud but also encourage more informed decision-making when applying for loans.
The Union of Banks of Kyrgyzstan has called on the wider banking community to collaborate on this initiative, advocating for a shared database of clients who have opted to limit their access to new loans.
Learning from Regional Experiences
In an interview with The Times of Central Asia, Anvar Abdraev, President of the Union of Banks of Kyrgyzstan, explained that the move was motivated largely by a global rise in banking fraud.
“Russia and Kazakhstan have already introduced such a service in their banks. Statistics in these countries show that a large number of financially literate people use this service, probably because of the recent increase in bank fraud around the world,” Abdraev said.
He added that promoting financial literacy and offering additional protective mechanisms is becoming a crucial component of banking policy across the region.
Legislative Efforts Underway
The mechanism is currently being actively promoted within Kyrgyzstan’s parliament. A draft bill to formalize the introduction of self-limitation on loans has been submitted for public discussion.
“The Union of Banks is also participating in the discussions and is part of the working group drafting the legislation,” Abdraev said. “We aim to create a comprehensive digital platform where, alongside self-limitation, additional customer protection mechanisms would be operational.”
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Michael_Novakhov shared this story . |
CNN
—
Moscow has inflicted another round of deadly strikes on Ukraine despite US President Donald Trump’s plea for Russian President Vladimir Putin to “STOP!” attacking its neighbor.
At least eight people were killed in drone strikes across the country, a night after Russia launched its deadliest bombardment of Ukraine since the middle of last year.
A drone attack on the eastern city of Pavlohrad on Friday killed three people, including a 76-year-old woman and a child, and injured 10 others, Dnipropetrovsk Governor Serhiy Lysak said.
In southern Ukraine, two people were also killed in strikes on Kherson, the region’s governor, Oleksandr Prokudin, said, adding the strikes targeted critical infrastructure and residential buildings. Two more people died in attacks on Ukraine’s eastern Donetsk region, and one person was killed in Kharkiv in the northeast of the country, regional leaders said.
Ukraine’s capital Kyiv was the main target of Russia’s massive bombardment on Thursday, which hit several locations across the city, killing 12 people and wounding 87 others. Ukraine’s emergency services said on Friday that it had completed the search for survivors in the rubble of one residential block, hit by what Ukrainian authorities said was a North Korean ballistic missile.
The fresh round of attacks come after President Trump vented his frustration over the lack of progress on a peace deal on Thursday, saying he is “not happy” and urging Putin to “STOP!” the attacks, in a post on his Truth Social platform. Hours later, however, Trump said he believed both Russia and Ukraine want peace.
On Friday, Trump’s special envoy Steve Witkoff is expected to arrive in Moscow for further talks with Putin on reaching an agreement.
Russia’s Foreign Minister Sergey Lavrov said Moscow was “ready to reach a deal,” in an interview with CBS News on Thursday, but added that there were still some specific points that needed to be “fine-tuned.”
Earlier this week, Trump launched a new tirade against Ukraine’s President Volodymyr Zelensky, accusing him of harming peace negotiations, after Zelensky said it was against his country’s constitution to recognize Russian control of Crimea, which was illegally annexed by Russia in 2014.
Any move to recognize Russia’s control of Crimea would reverse a decade of US policy and could upset the widely held post-World War Two consensus that international borders should not be changed by force.
As part of its mission to seal a peace deal to end the three-year war, the US administration has proposed recognizing Crimea as part of Russia, a move which diplomatic sources have told CNN has highly alarmed US allies in Europe.
The spat over Crimea is the latest in a series of very public disagreements between Trump and Zelensky.
Trump has insisted he has been equally as tough on Putin, but got defensive on Thursday when asked by White House reporters what concessions Russia had made in the conflict.
“Stopping the war, stopping taking the whole country. Pretty big concession,” Trump said.
“We’re putting a lot of pressure on Russia, and Russia knows that, and some people that are close to it know or he wouldn’t be talking right now.”
Jennifer Hansler, Alex Marquardt and Kylie Atwood contributed reporting
|
Michael_Novakhov shared this story . |
CNN
—
Moscow has inflicted another round of deadly strikes on Ukraine despite US President Donald Trump’s plea for Russian President Vladimir Putin to “STOP!” attacking its neighbor.
At least eight people were killed in drone strikes across the country, a night after Russia launched its deadliest bombardment of Ukraine since the middle of last year.
A drone attack on the eastern city of Pavlohrad on Friday killed three people, including a 76-year-old woman and a child, and injured 10 others, Dnipropetrovsk Governor Serhiy Lysak said.
In southern Ukraine, two people were also killed in strikes on Kherson, the region’s governor, Oleksandr Prokudin, said, adding the strikes targeted critical infrastructure and residential buildings. Two more people died in attacks on Ukraine’s eastern Donetsk region, and one person was killed in Kharkiv in the northeast of the country, regional leaders said.
Ukraine’s capital Kyiv was the main target of Russia’s massive bombardment on Thursday, which hit several locations across the city, killing 12 people and wounding 87 others. Ukraine’s emergency services said on Friday that it had completed the search for survivors in the rubble of one residential block, hit by what Ukrainian authorities said was a North Korean ballistic missile.
The fresh round of attacks come after President Trump vented his frustration over the lack of progress on a peace deal on Thursday, saying he is “not happy” and urging Putin to “STOP!” the attacks, in a post on his Truth Social platform. Hours later, however, Trump said he believed both Russia and Ukraine want peace.
On Friday, Trump’s special envoy Steve Witkoff is expected to arrive in Moscow for further talks with Putin on reaching an agreement.
Russia’s Foreign Minister Sergey Lavrov said Moscow was “ready to reach a deal,” in an interview with CBS News on Thursday, but added that there were still some specific points that needed to be “fine-tuned.”
Earlier this week, Trump launched a new tirade against Ukraine’s President Volodymyr Zelensky, accusing him of harming peace negotiations, after Zelensky said it was against his country’s constitution to recognize Russian control of Crimea, which was illegally annexed by Russia in 2014.
Any move to recognize Russia’s control of Crimea would reverse a decade of US policy and could upset the widely held post-World War Two consensus that international borders should not be changed by force.
As part of its mission to seal a peace deal to end the three-year war, the US administration has proposed recognizing Crimea as part of Russia, a move which diplomatic sources have told CNN has highly alarmed US allies in Europe.
The spat over Crimea is the latest in a series of very public disagreements between Trump and Zelensky.
Trump has insisted he has been equally as tough on Putin, but got defensive on Thursday when asked by White House reporters what concessions Russia had made in the conflict.
“Stopping the war, stopping taking the whole country. Pretty big concession,” Trump said.
“We’re putting a lot of pressure on Russia, and Russia knows that, and some people that are close to it know or he wouldn’t be talking right now.”
Jennifer Hansler, Alex Marquardt and Kylie Atwood contributed reporting