uzbekistan foreign crypto exchange policy

Uzbekistan Policy Change: Blocking Access to Foreign Crypto Exchanges

15.08.2022 13:22
by Nina Petrov
1 min read

Uzbekistan’s government, which has already taken substantial strides toward a moderate stance on cryptocurrencies, declared on Wednesday that access to several major international crypto exchanges has been prohibited due to claims of unauthorized activities.

The National Agency of Perspective Projects (NAPP) announced in a statement dated August 10 that access to “different electronic platforms” that offer services for the trade and exchange of crypto-assets without acquiring the necessary license in violation of the law was banned.

The tone of the statement, however, suggested that there shouldn’t be any further barriers to foreign exchanges offering their services once they have obtained a license and fulfilled the legal requirements to set up servers on Republic of Uzbekistan soil.

Author

  • Nina Petrov is a theoretical mathematician, passionate about new trends in the global economy and blockchain technology. She is a devoted content creator and editor, crypto-enthusiast and stock market analyst.

Trending news

Subscribe and be in touch
Click here