Uzbekistan Collects Over $300,000 From Crypto Sector
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While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies. Crypto Exchange in Uzbekistan Pays Over $10,000 a Month to the State Coffer Licensed crypto firms have paid 3.5 billion Uzbekistani som (more than $310,000) to the budget in the course of 2022, Uzbekistan’s regulatory authority responsible for the oversight in the sector revealed during a press conference, quoted by the crypto news outlet Forklog. At the briefing,
The government of Uzbekistan has moved to expand its crypto regulations through a decree signed by President Shavkat Mirziyoyev. The document provides definitions for terms like crypto assets,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author:…
Uzbekistan has launched a pilot for a blockchain-based token, HUMO, pegged to sovereign bonds and aimed at creating innovative methods of attracting foreign investment, simplifying domestic and international payments, increasing transparency of financial transactions, and establishing an even more attractive investment environment. Asset-Backed Stability Pegged to UZS The HUMO token…