According to recent reports, Uzbekistan has recently decided to ban crypto purchases, even when it comes to licensed crypto exchanges.


A few weeks ago, Uzbekistan’s National Agency for Project Management introduced new regulatory amendments. The new regulations came on December 6th, and its consequences are already being felt, as it pulled back the operability capacities regarding the purchase of digital currencies for individuals.

In other words, the citizens of Uzbekistan can no longer legally purchase digital currencies, even if they turn to licensed crypto exchanges within the country. Uzbekistan’s decision to take a step back and prevent crypto from spreading further within the country became a hot topic, as a result, leading to numerous discussions worldwide.

Investors are allowed to sell their crypto assets

Fortunately, the agency has decided to let investors sell off their digital assets obtained before the introduction of the new ban. Crypto holders are still allowed to sell their coins on two registered platforms…

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Source: https://thebitcoinnews.com/uzbekistan-bans-cryptocurrency-purchases/