Uzbekistan Introduces Monthly Fees for Crypto Companies Effective Immediately

The central Asian country is cracking down on the local crypto industry. A crypto regulation framework published in April mandated crypto exchanges, custodians and mining pools operating in the country to register with regulators. In August, the country moved to block crypto exchanges like Binance, Huobi, FTX and Bybit, saying local regulations did not allow citizens to trade crypto on foreign platforms.