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ARTICLE · 08 SEPTEMBER 2021

Cryptocurrency In Uzbekistan: Legal Or Not?

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The capital that rotates in the cryptocurrency is estimated at billions of dollars. Each country has separate legal base that make it unprofitable to invest in cryptocurrencies. Uzbekistan was not an exception...

UzbekistanTechnology
Ayana Unerbayeva
Ayana Unerbayeva

IS IT LEGAL TO ENGAGE IN CRYPTOCURRENCY AND HOW TO CREATE A CRYPTO EXCHANGE IN UZBEKISTAN

The capital that rotates in the cryptocurrency is estimated at billions of dollars. Each country has separate legal base that make it unprofitable to invest in cryptocurrencies. Uzbekistan was not an exception. However, the country has changed its opinion in the long run. Recently several acts have been signed in order to support the development of cryptocurrency activities.

To create a framework and regulate this rapidly developing sphere, the President of Uzbekistan has signed the Decree of the President No. 3832 "On measures for the development of the digital economy in the Republic of Uzbekistan" dated 03.07.2018.

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