Uzbekistan | ForkLog

ForkLog 23 11.06.2024

Russian Traffic Surges to 27% on Bybit

In May, Russian users accounted for 27% of the total traffic on the cryptocurrency exchange Bybit, according to journalist Colin Wu. Read more. Traffic from Russia to Bitfinex increased to 22%, Deribit to 15%, and OKX to approximately 9%. Other platforms popular among Russians include HTX (14%) and MEXC (10%). Data: Wu Blockchain. From April […]

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ForkLog 15 10.06.2024

Uzbek Student Arrested for Selling Notcoin

The Chilanzar District Criminal Court in Tashkent has sentenced a 24-year-old student for selling the NOT token from the Web3 gaming project Notcoin, according to local media. Case materials reveal that on June 1, police received a complaint regarding the young man’s illegal activities with crypto assets. During the hearing, the defendant stated that he […]

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ForkLog 5 08.05.2024

Tashkent to Host International Conference Crypto Week Uzbekistan 2024

From June 3 to 6, 2024, Tashkent, Uzbekistan, will host the Crypto Week Uzbekistan 2024 event, according to a press release. Crypto Week Uzbekistan is an annual international conference that brings together business representatives, regulatory bodies, educational institutions, experts, and crypto enthusiasts. The event will span four days, each dedicated to different aspects of the […]

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ForkLog 16 02.05.2024

Uzbekistan Licenses Third Crypto Depository

The NAPP of Uzbekistan has granted a license to JAPAN DXT for operating as a crypto depository. This license enables the platform to issue, initially place, and store digital assets. JAPAN DXT has become the third licensed crypto depository in the country. In addition, NAPP has also authorized the operation of two exchanges and ten […]

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ForkLog 12 21.03.2024

Uzbekistan Establishes Regulations for Mining Pools

The NAPP of Uzbekistan has approved regulations governing the operation of mining pools. The document defines key terms and sets requirements for establishing relationships with national and foreign miners, revenue distribution, and maintaining a participant registry. An electronic platform must be created for the pool’s operation, with separate accounting for each miner’s transactions. Within the […]

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ForkLog 29 20.03.2024

Uzbekistan Raises Fees for Bitcoin Exchanges and Exchangers

The NAPP of Uzbekistan has adjusted the monthly fixed fees for cryptocurrency exchanges and exchangers operating in the country. The decision followed an analysis indicating sufficient profitability among service providers in the crypto asset sector. For exchanges, the mandatory fees have increased from 400 BCU to 740 BCU (251.6 million soums or ~$20,015), and for […]

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ForkLog 5 13.03.2024

Three Illegal Cryptocurrency Miners Apprehended in Uzbekistan

During official raids in the Tashkent region, three Uzbek citizens were detained on suspicion of stealing electricity for cryptocurrency mining. This was reported by the local State Security Service. One of the offenders, a 31-year-old resident of Yangiyul, illegally connected ten Antminer L3++ ASIC miners to the power grid. The damage to the energy company […]

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ForkLog 7 07.03.2024

Tether to Aid Uzbekistan in Developing Digital Som

NAPP of Uzbekistan and Tether have signed a memorandum of understanding to advance blockchain infrastructure in the country. Tether signs MOU with National Agency of Perspective Projects (NAPP) of the Republic of Uzbekistan’s to explore and promote the development and adoption of #bitcoin, stablecoins, blockchain technology, P2P, and digital asset tokenization in Uzbekistan??https://t.co/XpveWOWP6i pic.twitter.com/jBvxEK7Lf5 — […]

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ForkLog 23 26.02.2024

OKX to Cease Operations in Uzbekistan

From March 30, the cryptocurrency exchange OKX will halt services for users in Uzbekistan. To avoid account suspension, clients must close all open positions by 00:00 UTC (05:00 UZT) on March 15 and withdraw assets by 00:00 UTC on March 30. The exchange has assured the security of funds until withdrawal. In a comment to […]

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ForkLog 10 07.02.2024

Uzbekistan Revises Licensing Procedures for Bitcoin Exchanges

The NAPP of Uzbekistan has amended the licensing procedures for service providers in the cryptocurrency sector. Specifically, it requires an apostille or a notarized translation into the state language of a certificate obtained from a competent authority of a foreign country. Individuals wishing to offer services in the country’s cryptocurrency market must not have a […]

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ForkLog 21 07.02.2024

Uzbekistan to Sue Binance Over Unpaid Fine

NAPU of Uzbekistan is preparing a lawsuit against the cryptocurrency exchange Binance, which has refused to voluntarily pay a fine for operating in the country without a license. This was reported by local media, citing a statement from the agency’s deputy director, Vyacheslav Pak. According to him, Binance’s refusal to settle the matter amicably was […]

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ForkLog 12 29.01.2024

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 […]

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