Uzbekistan Publishes Crypto Regulation Framework, Assigns Supervising Agency

As of Jan. 1, 2023, Uzbekistan residents will be able to buy or sell crypto only on the local exchanges, which must verify the identity of users through a know-your-customer (KYC) process, and store data about all the transactions for five years. Crypto service providers are not allowed to facilitate trading with “anonymous crypto assets,” a term not explained in the document.

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