The websites of global cryptocurrency exchanges have been blocked in Uzbekistan, the National Agency for Perspective Projects said Wednesday.
Gleb Kostarev, Binance's head of Eastern Europe, confirmed that the exchange's website hasn't been accessible for users in Uzbekistan since Tuesday. Huobi, FTX, Bybit and others are also blocked, he said.
Binance is negotiating with Uzbekistan authorities about the exchange's status in the country, the company said in a statement.
"Binance continues to mature and expand across CIS as a more traditionally regulated fintech organization," the statement reads. CIS, or the Commonwealth of Independent States, is an organization of former Soviet republics.
According to the agency's announcement, Uzbekistan restricted access to cryptocurrency exchanges and over-the-counter brokers because the country's regulations don't allow citizens to trade crypto on foreign platforms.
Under a law from 2018, crypto mining pools, exchanges, custodians and "crypto...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...