Uzbekistan – Ƀitsell X

Tether to Collaborate With Uzbekistan on Developing Crypto Infrastructure Projects

March 9, 2024

Tether, one of the largest stablecoin companies, announced a collaboration with the government of Uzbekistan to develop cryptocurrency and communication projects. The memorandum of understanding (MoU) signed between the parties encompasses issuing a comprehensive crypto legal framework, developing an independent comms and financial system, and establishing crypto-related educational programs. Tether Signs Memorandum of Understanding With…
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Uzbekistan Permits Only Legal Entities to Mine Cryptocurrencies Using Solar Power

October 4, 2023

The Republic of Uzbekistan has approved new regulations for issuing licenses for cryptocurrency mining activities. The National Agency for Advanced Projects (NAAP), an organization primarily responsible for crypto markets oversight, has finally released a new framework on the procedure for registering crypto mining, which the deputy director of NAAP Vyacheslav Pak hinted in an interview,…
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Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan

August 20, 2023

Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will facilitate instant conversion to fiat money. Uzbekistan Banks to Launch Virtual Cards Replenished From Crypto…
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Today in Crypto: Stellar Buys Minority Stake in MoneyGram, Adidas and BAPE Reveal Limited Sneakers Auctioned via NFT Passes, Three Key Silvergate Execs Set to Leave the Company

August 17, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Stellar Buys Minority Stake in MoneyGram, Adidas and BAPE Reveal Limited Sneakers Auctioned via NFT Passes, Three Key Silvergate Execs Set to Leave the Company Read more »Sign…
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Central Banks Resumed Gold Purchases in June

August 8, 2023

Central banks ramped up gold purchases in June, according to statistics from the International Monetary Fund (IMF). In this period, central banks added 55 tonnes of gold to their reserves after three months of net selling, with China purchasing the most gold (21 tonnes). Central Banks Back to Purchasing Gold in June The world’s central…
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Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

March 6, 2023

Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of…
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Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations

February 17, 2023

The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted. Uzbekistan Updates Rules for Operations With Proceeds From Crypto Exchange Transactions The Central Bank of…
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Uzbekistan Collects Over $300,000 From Crypto Sector

February 4, 2023

While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies. Crypto Exchange in Uzbekistan Pays Over $10,000 a Month to the State Coffer…
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Uzbekistan Licenses 2 Crypto Exchange Service Providers

November 21, 2022

The regulatory body overseeing the crypto market in Uzbekistan has issued licenses to two companies that will be providing exchange services. The decision to authorize their activities aims to make it easier for Uzbekistanis to purchase and sell digital currencies, the agency said. 2 Crypto Exchanges Licensed to Trade Coins in Uzbekistan Uzbekistan’s National Agency…
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Uzbekistan Unblocks Popular Russian Crypto Exchange Aggregator

November 4, 2022

The government body overseeing the crypto market in Uzbekistan has restored access to Bestchange.ru, a well-known exchange aggregator in the region. The move comes after earlier this year the regulator blocked a number of coin trading platforms, including Binance. Residents of Uzbekistan Can Again Use the Services of Bestchange.ru Uzbekistan’s National Agency of Perspective Projects…
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Category: Uzbekistan