- Oct 25, 2021
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Uzbekistan Loosens Restrictions on Domestic Crypto Trading
Uzbekistanis will be able to trade digital currencies on the country’s licensed crypto exchanges. This has become possible after the National Agency for Project Management (NAPM) under President Shavkat Mirziyoyev recently amended the rules pertaining to local cryptocurrency trade.
According to the new regulations, residents of Uzbekistan can buy, sell, and exchange crypto assets domestically for their national currency, Forklog reported, quoting a
In September this year, the NAPM
The amendments further concern the issuance and trading of digital tokens. The National Agency for Project Management prohibits the listing of unsecured tokens on local exchanges. The regulations define tokens as a unit of account secured by tangible or other property and used to attract investment, NAPM detailed.
Authorities in Tashkent have maintained a generally positive attitude toward the crypto space. In January 2020, they
However, the use of cryptocurrencies as a means of payment for goods and services is still prohibited in the Central Asian country. In September, the Central Bank of Uzbekistan
Do you expect Uzbekistan to further loosen its crypto regulations? Let us know in the comments section below.