Uzbekistan officially defines cryptocurrency trading rules

posted about 1 month ago
Uzbekistan has defined cryptocurrency trading rules, which affect exchanges as well as users of cryptocurrency. The Rules define basic concepts in the cryptocurrency industry, the procedure for interacting with exchanges, the process of conducting trades and settlements on exchanges, as well as the requirements for exchanges informing customers about things such as advertising.

According to the rules, KYC is mandatory for all exchanges, and citizens of Uzbekistan can sell digital assets on exchanges, however, it is forbidden to conduct transactions with cryptocurrencies for which transactions were previously anonymous. In other words, the citizens of Uzbekistan can no longer legally purchase digital currencies, even if they turn to licensed crypto exchanges within the country. In addition, in Uzbekistan, cryptocurrencies cannot be used as a means of payment.
Tags: bitcoin, blockchain, news