@BOMBERuss 11 August 2022 more from that month

The National Agency for Promising Projects of Uzbekistan (NAPPA) announced the blocking of access to the sites of major #cryptocurrency exchanges due to the lack of licenses to work in the country. According to the statement of the regulator, during the monitoring of information resources, it was found that a number of electronic platforms providing services to citizens of the Republic of Uzbekistan for trading or exchanging crypto assets carry out activities without obtaining the appropriate license of service providers. Uzbekistan introduced licensing of cryptocurrency exchanges several years ago. In January 2020, the first licensed trading platform UzNex began operating in the republic. However, large platforms such as #Binance ignored the regulator's registration requirements and did not receive the necessary permission to serve local traders. Since August 9, access to #FTX, Binance and other unregistered cryptocurrency exchanges has been banned in the country. NAPPA calls on citizens of the country to inform the authorities if they find that any unlicensed cryptocurrency platform continues to operate illegally in the republic. In May, the President of #Uzbekistan issued a decree on the regulation of the cryptocurrency market, as well as the introduction of a fixed personal income tax rate and mandatory contributions to state trust funds for industry participants.