Bitcoin is not a legal means of payment in Uzbekistan, there is a civil servant of the central bank regulation
Bitcoin is not a legal means of payment in Uzbekistan, there is a civil servant of the central bank regulation
cryptocurrencies cannot be introduced as a means of payment in Uzbekistan, said a high -ranking official from the country's central bank recently. In a conversation with local media, the representative of the regulatory authority also found that the national Fiat, unlike cryptocurrencies, is covered by the bank's assets. The statement comes in the past despite the crypto -friendly steps.
cryptocurrency cannot be accepted for payments in Uzbekistan, says the currency authority
cryptocurrencies such as Bitcoin cannot be recognized as a legal means of payment in Uzbekistan and that will probably never change, according to a central bank official . The deputy chairman of the Central Bank of the Republic of Uzbekistan ( cbu ) Behzod Hamraev said:
As an economist, I can assume that it will never meet global currencies such as dollars, euros, yen, ruble.
The representative of the currency authority pointed out that 28 trillion Uzbek sums (the nation's Fiat money) are currently in circulation and that all are covered by the assets of the central bank. "You can even see a inscription from the supervisory authority's obligations on the banknotes, and the cryptocurrency is not covered by anything," he added.
The government of Uzbekistan already included a ban on the use of cryptocurrency for payments in their legislation in 2019. According to applicable law, the sum remains the only legal means of payment in the Central Asian country. A decree by the National Agency for Project Management, a regulatory authority responsible for the supervision of the digital economy, emphasized:
crypto-assets must not be used as a means of payment on the territory of the Republic of Uzbekistan.
At the same time, the decree also introduced regulations for licensing and operation for cryptocurrency exchanges. Crypto trade was legalized in 2018, in December 2019, authorities effectively banned residents from buying cryptocurrencies on the trading platforms, while they were able to sell their crypto stands.
then, in January 2020, Taschkent announced It was planned as a priority To set up mining pool, to set up a licensed cryptocurrency exchange at which miners are allowed to sell their digital coins, create a blockchain valley and introduction of crypto tax exemptions. The regulated platform for digital assets Uznex, which is operated by the South Korean Kobea Group, was Started later in the same month.
The latest explanation of the Central Bank of Uzbekistan comes to the status of cryptocurrencies after El Salvador was the first country to adopt bitcoin ( btc ) as a legal means of payment in addition to the US dollar. This is also followed by a similar from dmitry peskov, spokesman for the Russian Vladimir Putin, who recently said Russia was not ready to be the coin as a means of payment.
Do you believe that Uzbekistan will change his policy towards cryptocurrencies in the future? Share your expectations in the comment area below.
Bedy verification : Shutterstock, Pixabay, Wiki Commons