Uzbekistan

Tether to Collaborate With Uzbekistan on Developing Crypto Infrastructure Projects

March 8, 2024 Bitcoin.com

bitcoin.com

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 a comprehensive crypto legal framework, developing an independent comms and financial system, and establishing crypto-related educational programs. Tether Signs Memorandum of Understanding With […]

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Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

March 5, 2023 Bitcoin.com

2023

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 buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of […]

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Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations

February 16, 2023 Bitcoin.com

amendments

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 country will be restricted. Uzbekistan Updates Rules for Operations With Proceeds From Crypto Exchange Transactions The Central Bank of […]

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Uzbekistan Collects Over $300,000 From Crypto Sector

February 3, 2023 Bitcoin.com

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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 for crypto companies. Crypto Exchange in Uzbekistan Pays Over $10,000 a Month to the State Coffer […]

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Central Bank Gold Demand Rose at the Fastest Pace in 55 Years, Analyst Says Silver Could Outperform Gold in 2023

December 30, 2022 Bitcoin.com

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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 55 years. Meanwhile, Wells Fargo’s head of real asset strategy, John LaForge, contends […]

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Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years

December 7, 2022 Bitcoin.com

.999 gold

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 gold held by the world’s central banks is at the highest level since 1974. Central Banks […]

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Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets

December 3, 2022 Bitcoin.com

agency

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 capital through coins and tokens. Uzbekistan Government Sets Out to Regulate Digital Asset Investments The National […]

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Uzbekistan Licenses 2 Crypto Exchange Service Providers

November 21, 2022 Bitcoin.com

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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 digital currencies, the agency said. 2 Crypto Exchanges Licensed to Trade Coins in Uzbekistan Uzbekistan’s National Agency […]

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Uzbekistan Unblocks Popular Russian Crypto Exchange Aggregator

November 4, 2022 Bitcoin.com

ACCESS

The government body overseeing the crypto market in Uzbekistan has restored access to Bestchange.ru, a well-known exchange aggregator in the region. The move comes after earlier this year the regulator blocked a number of coin trading platforms, including Binance. Residents of Uzbekistan Can Again Use the Services of Bestchange.ru Uzbekistan’s National Agency of Perspective Projects […]

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Central Bank Gold Buys This Year Reach an All-Time Quarterly High in Q3, 400 Tons Purchased Is the ‘Most on Record’

November 2, 2022 Bitcoin.com

.999 gold

According to the World Gold Council’s (WGC) latest quarterly report, worldwide gold demand, excluding over-the-counter (OTC) markets, was 28% higher year-over-year. While demand jumped higher than last year in the third quarter, central bank gold buying tapped an all-time quarterly record in Q3 2022. The quarterly report indicates that the world’s central banks purchased close […]

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