Uzbekistan restricts access to digital asset exchanges—Binance, FTX affectedUzbekistan is strengthening its implementation of digital asset legislation and oversight. As the citizens of the country swarmed to the asset class, the wave of adoption has attracted several exchanges. According to the Uzbekistan government, most of these exchanges reportedly bypassed requisites for proper licensing. The authorities have hence recently restricted access to such entities, which include certain notable exchanges, such as Binance.
In a recent press release, the National Agency of Perspective Projects (NAPP) of Uzbekistan addressed the current state of the digital assets industry in the country. The agency highlighted the surge of exchanges, but mentioned that most of them never obtained proper licensing.
