Tagged: uzbekistan

Tether and Republic of Uzbekistan to Develop Blockchain and P2P Telecom Infrastructure

Tether, which claims to be among the largest companies in the cryptocurrency industry, announced the signing of a Memorandum of Understanding (MOU) with the National Agency of Perspective Projects (NAPP), responsible for crypto regulation and development in the Republic of Uzbekistan. This strategic collaboration aims… Read More

IFC Grants $10m Loan to Uzbekistan’s Ipak Yuli Bank for SME Development, Women’s Economic Empowerment

The International Finance Corporation (IFC), a member of the World Bank Group, is allocating a $10 million loan to Uzbekistan’s Ipak Yuli Bank in a bid to bolster the bank’s lending initiatives directed at small and medium enterprises (SMEs), especially those owned by women. The… Read More

IFC Achieves Record Investment in Central Asia Amid Geopolitical Challenges

In a notable demonstration of faith in Central Asia’s growth potential, the International Finance Corporation (IFC), a member of the World Bank Group, has invested and mobilized a staggering $1.6 billion in the region during fiscal year 2023 (FY23). This investment, the highest ever for… Read More

Asian Fintech Alif Reports Steady Revenue Growth, Surpasses 1M Clients

Alif, a Central Asian Fintech operating as a “full-fledged” Bank in Tajikistan and as e-commerce and Fintech company in Uzbekistan, has announced “a record 150%+ year-on-year revenue growth in the 12 months leading to June 2022.” During the same period, the total number of Alif… Read More

Moonstake to Partner With Uzbek Crypto Exchange UzNEX

Staking pool protocol provider Moonstake has entered a partnership with Uzbekistan government-approved cryptocurrency exchange UzNEX. It is the latest blockchain-based agreement coming out of Eastern Europe, an area gaining a solid foothold in this new economy. The new partners will work together on developing blockchain-focused… Read More

Capital Banking Solutions, a Provider of Integrated Financial Software, Unveils First Digital Banking Platform, TBC Bank, in Uzbekistan

Capital Banking Solutions, a multinational provider of integrated banking software, revealed on July 24, 2020, that TBC Bank will be one of the first digital banks in Uzbekistan. The subsidiary of the TBC banking group in Georgia went live with Capital Banking Solutions’ open platform,… Read More

About Face? Uzbekistan Bans Cryptocurrency Purchases

Lawmakers in Uzbekistan have made a sudden decision to ban the purchase of cryptocurrencies in the region. Securities.io elaborated on the development, stating, “The new legislation bars all citizens from buying digital currencies, even from licensed exchanges.” Citizens can reportedly sell their cryptocurrency holdings, but… Read More

Uzbekistan Issues First License For Cryptocurrency Exchanges Activities Implementation

The National Agency of Project Management in Uzbekistan announced earlier this week the first license for the implementation of cryptocurrency exchanges activities has been issued. The organization reported that in accordance with the Decree of the President of the Republic of Uzbekistan dated September 2,… Read More

BANKEX Teams Up With Digital Trust Fund to Develop Uzbekistan’s Digital Economy

Global fintech BANKEX announced on Wednesday it has formed a new partnership with Digital Trust Fund, a foundation established to support and develop Uzbekistan’s digital economy. BANKEX reported that the partnership allows it to facilitate the introduction of blockchain technology to all government agencies in Uzbekistan in order to… Read More

Uzbekistan Creates Cryptocurrency Tax Free Zone, Licenses First Crypto Exchange in Partnership with Korean Firms

Bukhara, Uzbekistan darrell-chaddock-unsplash

Uzbekistan is taking comprehensive steps, with the help of Korean partners, to enshrine the region as a friendly one for crypto industries and hopes to become, “a new coin special zone after Malta,” ETNews reports. The venture is being led cooperatively by KOBEA, the Economic Committee of Korea… Read More

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