Korean company receives a license to create crypto exchanges in Uzbekistan

National Agency for Project Management (NAPM) under the President of Uzbekistan issued the first license for the Kobea Group cryptocurrency exchanges (Republic of Korea) to operate in the republic, the agency reported.

It is noted that the Kobea Group is a technology company focused on the development of various solutions in the field of digital economy, including blockchain technology.

In accordance with the statement, the company intends to engage in crypto-exchange activities in compliance with all requirements of the national legislation of Uzbekistan in the field of crypto assets circulation, as well as international standards in the field of combating money laundering and the financing of terrorism (FATF Recommendations and Guidelines).

Previously, NAPM announced  the adoption of the rules for implementation of crypto-exchange trading, which determine the general provisions and basic concepts, the procedure for establishing relations with customers, the requirements for advertising and informing customers, the process of organizing crypto-exchanges and others.