Uzbekistan has established a comprehensive regulatory framework for the crypto industry, recognizing and regulating crypto assets while exempting crypto transactions from taxation. The National Agency of Perspective Projects oversees licensing and compliance, welcoming collaboration with foreign players but imposing stringent regulations. The country aims to foster a competitive yet stable environment for crypto businesses, with a focus on innovation and consumer protection. Earlier, NAPP entered a partnership with Tether to advance crypto-assets and blockchain infrastructure in Uzbekistan.
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