No, Hamster Kombat is not illegal in Uzbekistan
[Jun 25 5:59 AM] Uzbekistan authorities have not banned the Hamster Kombat game but warned against possible risks of withdrawing its tokens in the future.
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Tether to Collaborate With Uzbekistan on Developing Crypto Infrastructure Projects
[Mar 8 3:30 PM] Tether, one of the largest stablecoin companies, announced a collaboration with the government of Uzbekistan to develop cryptocurrency and communication projects. The memorandum of understanding (MoU) signed between the parties encompasses issuing…
Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan
[Aug 20, 2023 4:30 AM] Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will…
Central Banks Resumed Gold Purchases in June
[Aug 7, 2023 4:30 PM] Central banks ramped up gold purchases in June, according to statistics from the International Monetary Fund (IMF). In this period, central banks added 55 tonnes of gold to their reserves after three months of net selling, with China purchasing the…
Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report
[Mar 5, 2023 4:30 PM] Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold…
Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations
[Feb 16, 2023 3:00 PM] The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the…
Uzbekistan Collects Over $300,000 From Crypto Sector
[Feb 3, 2023 5:30 PM] While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees…
Central Bank Gold Demand Rose at the Fastest Pace in 55 Years, Analyst Says Silver Could Outperform Gold in 2023
[Dec 30, 2022 8:30 AM] According to a myriad of reports, the People’s Republic of China has been buying hoards of gold during the last year. Consequently, World Gold Council (WGC) statistics show the demand for gold by central banks has risen at the fastest pace in…
Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years
[Dec 7, 2022 11:00 AM] Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more gold during 2022’s fourth quarter. Statistics show that the…
Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets
[Dec 2, 2022 10:30 PM] The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechanism that would allow local companies to attract…
Uzbekistan Licenses 2 Crypto Exchange Service Providers
[Nov 21, 2022 5:00 AM] The regulatory body overseeing the crypto market in Uzbekistan has issued licenses to two companies that will be providing exchange services. The decision to authorize their activities aims to make it easier for Uzbekistanis to purchase and sell…