Fun

News Feed - 2023-08-16 05:08:23

David Attlee47 minutes agoUzbekistan permits two banks to issue crypto cardsKapital Bank and Ravnaq Bank got approval from the National Agency for Perspective Projects to participate in the digital sandbox of crypto regulation.389 Total views5 Total sharesListen to article 0:00NewsJoin us on social networksTwo private banks in Uzbekistan — Kapital Bank and Ravnaq Bank — acquired approval from the National Agency for Perspective Projects (NAPP) to participate in the digital sandbox of crypto regulation. The banks will issue plastic crypto cards powered by Mastercard.


On August 14, the NAPP reported the approval for Ravnaq Bank to participate in its pilot. Earlier, in May 2023, the Agency confirmed that Kapital Bank would issue its crypto card as well.


According to the release, the Uzbeki crypto card will be called UzNEX, which will integrate a bank account with access to a crypto exchange and automated exchange mechanism. The card will be supported by one of the world’s leading payment systems, Mastercard.


The current deadline for final customer rollouts of both banks’ crypto cards is the end of December 2023. Kapital Bank and Ravnaq remain two of the three registered participants in the national digital sandbox.


Related:Binance launches regulated platform in Kazakhstan amid troubles in the West


From 2023, the government of Uzbekistan has restricted the provision of crypto services to licensed cryptocurrency firms. The first licenses were granted to local crypto firms in November 2022. Before that, Uzbekistan restricted access to a number of large international crypto exchanges, including Binance, FTX and Huobi, due to accusations of unlicensed activity.


The country’s regulatory approach to crypto was initiated by a presidential decree in 2022 when the NAPP was launched to oversee the digital assets industry. The decree also provided comprehensive legal details related to cryptocurrency mining operations in Uzbekistan.


Magazine:Big Questions. Did the NSA create Bitcoin?# Asia# RegulationAdd reactionAdd reactionRelated NewsWhat are NFT royalties, and how do they work?How will Bitcoin halving affect BTC price, and is DeFi dead?Crypto adoption crosses party lines amid Washington’s political deadlock

News Feed

Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision
Circle CEO, Paxos, and Trueusd Speak on Binance"s Stablecoin Auto-Conversion Decision On September 5, Binance explained that it planned to drop a number of usdc trading pairs and a
JP Morgan Launching Crypto Investment Product Tracking Public Company Stocks With Bitcoin Exposure
JP Morgan Launching Crypto Investment Product Tracking Public Company Stocks With Bitcoin Exposure JP Morgan is launching a structured investment product based o
Bitcoin To $1.5 Million? Ark Invest CEO Cathie Wood Says It’s Coming
Este artículo también está disponible en español. ARK Invest’s Cathie Wood is steadfast on her estimate that Bitcoin may rise to $1.5 million by 2030, despite a bol
Ticketmaster Launches NFT-Gated Ticketing Service for Avenged Sevenfold Shows
Ticketmaster Launches NFT-Gated Ticketing Service for Avenged Sevenfold Shows Ticketmaster, the global provider of event ticketing services, has launched “token-gated sales,&
Jesse Coghlan2 hours agoCoinbase CEO says SEC told it to delist everything but Bitcoin: ReportBrian Armstrong claimed SEC staff said all cryptocurrencies but Bitcoin are securities and requested the exchange delist all o
Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicions on Unfair Trading
Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicions on Unfair Trading South Korean securities exchange operator is now expanding
ZK systems will have their ChatGPT moment: Telos Foundation
Ezra Reguerra7 minutes agoZK systems will have their ChatGPT moment: Telos FoundationCointelegraph asked professionals working with zero-knowledge technology to get their insights on the current state of ZK.23 Total view
Crypto Exchange Kraken Now Supports Shiba Inu — SHIB Trading to Begin Tomorrow
Crypto Exchange Kraken Now Supports Shiba Inu — SHIB Trading to Begin Tomorrow Cryptocurrency exchange Kraken has announced support for the meme cryptocurrency shiba inu (SHIB).
Kraken CEO: ‘Defi Scams’ Must Take Their Losses as Way to ‘Enlightenment’
Kraken CEO: "Defi Scams" Must Take Their Losses as Way to "Enlightenment" Jesse Powell, chief executive officer of the world’s fourth-largest crypto exchan
Philosopher Yuval Noah Harari warns of AI’s risks in finance
Derek Andersen2 hours agoPhilosopher Yuval Noah Harari warns of AI’s risks in financeThe bestselling author, philosopher and historian sees grim potential for AI to get out of control in the financial system.302 Total
South Korean Regulator Analyzing 578 Cryptocurrencies
South Korean Regulator Analyzing 578 Cryptocurrencies South Korea is deliberating on four crypto-related bills for the regulation of cryptocurrencies. “We
Retail Investors Boost Bitcoin Accumulation By 72% Amid Intense Whale Selling – Details
Este artículo también está disponible en español. This trading week proved rather turbulent for Bitcoin as the premier cryptocurrency fell to as low as $91,000 on Monday