$ 42,688
$ 2,913.2
$ 151.59
okex ads

Uzbekistan is Legalizing Cryptocurrency Trading

Uzbekistan is reconsidering its stance on crypto trading by further license the activity.

The National Agency for Project Management under the President of the Republic of Uzbekistan (NAPM) has released an order that calls for amendment and an addition to the regulation on the procedure for licensing the activities of crypto-exchanges. The notice reads,

“Residents of the Republic of Uzbekistan have the right to carry out on crypto-exchanges all types of crypto-exchange trades in crypto-assets and tokens for national and foreign currencies. The choice of crypto-assets as an object of acquisition and, accordingly, the consequences of this choice are the risk of the buyer himself.”

These changes follow two decrees from President Shavkat Mirziyoyev, including one from July 2018 focusing on introducing measures to develop the digital economy in the country. The second one was in Sept. 2018, which focused on measures to organize the activities of crypto exchanges in the Republic of Uzbekistan.

To “create favorable conditions” for the further development of the crypto industry, it proposes changes to the procedure for licensing the activities of crypto exchanges.

In Dec. 2019, Uzbekistan banned its citizens from trading crypto; then, a year later, the first crypto trading exchange of the country called Uznex was launched in 2020.

Per NAPM’s latest documents, the proposed changes further seek to introduce procedures for the registration, issuance, and circulation of digital currencies.

Related Posts

Leave a Reply


Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Ark Invest’s Cathie Wood Doubles Down on $500K Bitcoin Prediction, Discusses Crypto Regulation
September 25, 2021By
Amasa (AMAS) Partners TrustPad and ChainBoost for IDO Launch
September 25, 2021By
China’s shock crackdown on cryptocurrencies rocks markets
September 25, 2021By


Video Posts

Impact Of Technology On 4.0
July 6, 20210
Importance Of Cryptography
July 3, 20210

Crypto Stats

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,688 0.18 % 1.43 % 9.61 %
Ethereum2,913.2 0.04 % 0.90 % 14.62 %
Cardano2.400 0.96 % 8.19 % 2.16 %
Tether1.000 0.14 % 0.18 % 0.29 %
Binance Coin349.99 0.17 % 0.28 % 13.78 %
XRP0.9433 0.25 % 2.39 % 11.65 %
Solana138.63 0.48 % 0.30 % 6.07 %
Polkadot30.20 0.02 % 0.31 % 8.74 %
USD Coin1.000 0.37 % 0.04 % 0.11 %
Dogecoin0.2095 0.64 % 0.76 % 13.05 %

You have not selected any currencies to display