Tagged: uzbekistan

January 20, 2025 @ 3:23 pm By Omar Faridi  |  

Binance are pleased to announce that it has reached an agreement with the National Agency of Perspective Projects of the Republic of Uzbekistan (NAPP), which confirms compliance with all applicable local regulatory requirements and authorizes the platform to “provide services to Uzbekistani residents under a… Read More

December 29, 2024 @ 6:13 pm By Michael Wong  |  

Fintech firm Alif has announced securing a $20 million debt investment from Accial Capital, a U.S.-based impact private credit fund manager, to strengthen its Nasiya installment service and expand financial inclusion in Uzbekistan. The transaction was facilitated with advisory support from Nairang Capital and TMT… Read More

December 20, 2024 @ 7:18 am By Michael Wong  |  

TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announced a $37 million equity investment from its majority shareholder, London-listed TBC Bank Group PLC (TBC Group). This capital injection brings TBC UZ’s total equity funding for 2024 to $75 million, establishing a new annual… Read More

March 8, 2024 @ 7:00 pm By Omar Faridi  |  

Tether, which claims to be among the largest companies in the cryptocurrency industry, announced the signing of a Memorandum of Understanding (MOU) with the National Agency of Perspective Projects (NAPP), responsible for crypto regulation and development in the Republic of Uzbekistan. This strategic collaboration aims… Read More

September 16, 2023 @ 4:48 pm By Michael Wong  |  

The International Finance Corporation (IFC), a member of the World Bank Group, is allocating a $10 million loan to Uzbekistan’s Ipak Yuli Bank in a bid to bolster the bank’s lending initiatives directed at small and medium enterprises (SMEs), especially those owned by women. The… Read More

September 9, 2023 @ 4:35 pm By Michael Wong  |  

In a notable demonstration of faith in Central Asia’s growth potential, the International Finance Corporation (IFC), a member of the World Bank Group, has invested and mobilized a staggering $1.6 billion in the region during fiscal year 2023 (FY23). This investment, the highest ever for… Read More

August 2, 2022 @ 10:57 pm By Omar Faridi  |  

Alif, a Central Asian Fintech operating as a “full-fledged” Bank in Tajikistan and as e-commerce and Fintech company in Uzbekistan, has announced “a record 150%+ year-on-year revenue growth in the 12 months leading to June 2022.” During the same period, the total number of Alif… Read More

June 11, 2021 @ 7:13 pm By Tony Zerucha  |  

Staking pool protocol provider Moonstake has entered a partnership with Uzbekistan government-approved cryptocurrency exchange UzNEX. It is the latest blockchain-based agreement coming out of Eastern Europe, an area gaining a solid foothold in this new economy. The new partners will work together on developing blockchain-focused… Read More

July 26, 2020 @ 7:44 pm By Omar Faridi  |  

Capital Banking Solutions, a multinational provider of integrated banking software, revealed on July 24, 2020, that TBC Bank will be one of the first digital banks in Uzbekistan. The subsidiary of the TBC banking group in Georgia went live with Capital Banking Solutions’ open platform,… Read More

December 29, 2019 @ 12:23 pm By Cali Haan  |  

Lawmakers in Uzbekistan have made a sudden decision to ban the purchase of cryptocurrencies in the region. Securities.io elaborated on the development, stating, “The new legislation bars all citizens from buying digital currencies, even from licensed exchanges.” Citizens can reportedly sell their cryptocurrency holdings, but… Read More

December 26, 2019 @ 8:09 am By Samantha Hurst  |  

The National Agency of Project Management in Uzbekistan announced earlier this week the first license for the implementation of cryptocurrency exchanges activities has been issued. The organization reported that in accordance with the Decree of the President of the Republic of Uzbekistan dated September 2,… Read More

January 16, 2019 @ 2:07 pm By Samantha Hurst  |  

Global fintech BANKEX announced on Wednesday it has formed a new partnership with Digital Trust Fund, a foundation established to support and develop Uzbekistan’s digital economy. BANKEX reported that the partnership allows it to facilitate the introduction of blockchain technology to all government agencies in Uzbekistan in order to… Read More

September 10, 2018 @ 10:21 pm By Cali Haan  |  

Uzbekistan is taking comprehensive steps, with the help of Korean partners, to enshrine the region as a friendly one for crypto industries and hopes to become, “a new coin special zone after Malta,” ETNews reports. The venture is being led cooperatively by KOBEA, the Economic Committee of Korea… Read More