The National Agency for Prospective Projects (NAPP) in Uzbekistan has granted permission to two private banks, Kapital Bank and Ravnaq Bank, to test crypto regulations in a “digital sandbox.” Moreover, Mastercard-powered crypto cards will be issued by the banks. The NAPP announced on August 14 that Ravnaq Bank has been
The law by the country’s primary crypto regulating authority is now in effect. The lowest cost, $135, will go to the custodial service providers. Uzbekistan authorities recently passed a bill mandating cryptocurrency corporations pay into a separate fund. The law, proposed by the country’s primary crypto regulating authority, is now
Just one cryptocurrency exchange in Uzbekistan has been granted a license so far. Uzbek residents are urged by the NAPP not to utilize illegal exchanges. According to data collected by the National Agency of Prospective Projects (NAPP) in Uzbekistan, the number of unlicensed online platforms offering crypto-related services to citizens
