Uzbekistan’s Regulatory Sandbox Welcomes Fourth Crypto Project

On January 29, the company “Single Integrator – UZINFOCOM” registered its second pilot project, Token.uz, in Uzbekistan’s regulatory sandbox. This was reported by the NAPP.

Token.uz is a platform based on the L2 solution Arbitrum, designed for data storage and protection against third-party alterations. The project can be utilized in both the public and private sectors.

For “Single Integrator – UZINFOCOM,” this marks their second project in the sandbox. In April 2023, they registered a solution for issuing NFT certificates to confirm ownership of names in the “.uz” domain zone.

Additionally, two private banks, Ravnaq Bank and Kapital Bank, are participating in the sandbox with projects for issuing cryptocurrency cards.

Earlier, ForkLog reported that Uzbekistan introduced fines and penalties for illegal operations with digital assets.