2 years ago
Anna Baydakova is an investigative newsman with a peculiar absorption connected Eastern Europe and Russia. Anna owns a fraction of BTC.
Uzbekistan President Shavkat Mirziyoyev acceptable a regulatory model for the country's crypto manufacture and assigned a recently renamed Perspective Projects Agency to oversee the industry.
In a directive published April 27, Mirziyoyev said cryptocurrency exchanges, mining pools and crypto custodians operating successful the Central Asian republic indispensable beryllium registered locally.
As of Jan. 1, 2023, Uzbekistan residents volition beryllium capable to bargain oregon merchantability crypto lone connected the section exchanges, which indispensable verify the individuality of users done a know-your-customer (KYC) process, and store information astir each the transactions for 5 years. Crypto work providers are not allowed to facilitate trading with "anonymous crypto assets," a word not explained successful the document.
The agency, formerly the National Agency for Project Management, takes connected the crypto manufacture aft being restructured and assigned caller responsibilities. It volition make caller policies for crypto and spot it's not utilized for wealth laundering and coercion financing, the directive says.
The agency, which volition beryllium funded by grants, donations and loans, volition besides make a regulatory sandbox for cryptocurrency projects. That volition let them to run without a licence and bask a favorable taxation attraction for 3 years. After that, the projects should either go full-fledged regulated businesses oregon unopen down. The agency's manager volition beryllium assigned by the president.
The directive besides requires cryptocurrency miners to usage lone star vigor from dedicated powerfulness plants. Miners that plug into the nationalist grid indispensable wage doubly the regular price.
Uzbekistan is simply a erstwhile Soviet republic that gained independency aft the illness of the USSR. The state shares a borderline with Kazakhstan, formerly a person successful cryptocurrency mining. President Mirziyoyev, elected successful 2016, is considered a more unfastened and pro-innovation person than his predecessor, Islam Karimov.
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Anna Baydakova is an investigative newsman with a peculiar absorption connected Eastern Europe and Russia. Anna owns a fraction of BTC.
Anna Baydakova is an investigative newsman with a peculiar absorption connected Eastern Europe and Russia. Anna owns a fraction of BTC.
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