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The government in Uzbekistan has blocked internet access to unlicensed crypto exchanges based outside of the country, citing a need to protect its citizens from “fraudsters.”
Changes to the rules governing activities of crypto exchanges in Uzbekistan now allow residents to trade coins on licensed platforms.
Permission for Uzbek residents to trade cryptocurrencies benefits UzNEX
The capital that rotates in the cryptocurrency is estimated at billions of dollars. Each country has separate legal base that makes it unprofitable to invest in cryptocurrencies. Uzbekistan was not an exception.
The National Agency for Project Management under the President of the Republic of Uzbekistan has proposed to allow residents to buy crypto on regulated exchanges.