Uzbekistani – DIGIT INFO

Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations

DIGIT — Thu, 16 Feb 2023 21:00:21 +0000

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

DIGIT — Fri, 03 Feb 2023 23:30:03 +0000

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 Approves Rules for Issuance and Circulation of Crypto Assets

DIGIT — Sat, 03 Dec 2022 04:30:42 +0000

The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechanism that would allow local companies to attract capital through coins and tokens. Uzbekistan Government Sets Out to Regulate Digital Asset Investments The National […]

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Uzbekistan Licenses 2 Crypto Exchange Service Providers

DIGIT — Mon, 21 Nov 2022 11:00:22 +0000

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 Introduces Monthly Fees for Cryptocurrency Companies

DIGIT — Sun, 02 Oct 2022 05:30:21 +0000

Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators in Uzbekistan to Be Charged Fixed […]

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Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges

DIGIT — Thu, 11 Aug 2022 22:30:04 +0000

Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to only use digital asset exchanges licensed by the government of the Central Asian nation. Uzbekistan Takes Steps to Prevent Crypto Trading and Custody on Foreign […]

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Uzbekistan President Issues Decree Regulating Cryptocurrencies, Mining and Trading

DIGIT — Sun, 01 May 2022 21:00:11 +0000

The government of Uzbekistan has moved to expand its crypto regulations through a decree signed by President Shavkat Mirziyoyev. The document provides definitions for terms like crypto assets, exchange, and mining, and determines the main regulatory body for the industry. Agency Under President Mirziyoyev to Oversee Crypto Market in Uzbekistan Uzbekistan’s head of state, Shavkat […]

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Uzbekistan Allows Residents to Trade Cryptocurrencies on Local Exchanges

DIGIT — Fri, 26 Nov 2021 07:00:07 +0000

Changes to the rules governing activities of crypto exchanges in Uzbekistan now allow residents to trade coins on licensed platforms. Uzbekistanis could previously only sell their digital assets. The new provisions also regulate the issuance of tokens and their listing. Uzbekistan Loosens Restrictions on Domestic Crypto Trading Uzbekistanis will be able to trade digital currencies […]

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Uzbekistan Warns Citizens to Avoid Unlicensed Cryptocurrency Exchanges

DIGIT — Sat, 02 Oct 2021 03:00:47 +0000

A government agency in Uzbekistan has published a list of unauthorized crypto exchanges that residents of the country have been advised to avoid. The trading platforms collect personal data and bear no responsibility for the cryptocurrency transactions, officials have warned. Authorities in Uzbekistan Blacklist ‘Unofficial’ Crypto Exchanges The National Agency of Project Management under the […]

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