The government of Uzbekistan, which has previously made significant steps toward a moderate approach to crypto, announced Wednesday that it has restricted access to a number of large international crypto exchanges due to accusations of unlicensed activity.
In a statement from Aug. 10, the National Agency of Perspective Projects (NAPP) projects informed that “various electronic platforms” provide services for trade and exchange of crypto-assets without obtaining the required license in violation of the existing legislation and thus access to them was restricted.
However, the tone of the statement suggested that after obtaining a license and fulfilling the requirement to deploy servers on the territory of the Republic of Uzbekistan, as prescribed by law, there should be no further obstacles for foreign exchanges to providing their services. As for now:
“They have no legal responsibility for transactions with crypto-assets, and cannot guarantee the legitimacy of transactions, as well...
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