Famous Bitcoin news page Bitcoin Archive recently tweeted and broke the news that Uzbekistan has recently passed bitcoin regulations by the president’s decree. With this regulation, bitcoin will be defined as an asset with property rights.
💥BREAKING: Uzbekistan has passed #Bitcoin regulations by Presidential decree, defining it as an asset with property rights.
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) May 2, 2022
More on the topic
Definitions for crypto assets, exchanges, and mining are included in the paper, as is information on who will serve as the industry’s primary regulator.
New legislation issued by Uzbekistan’s president, Shavkat Mirziyoyev, expands the country’s legal environment for the crypto industry. Digital technology advancements, excellent business circumstances, and better regulation are all part of its declared mission.
Based on documents obtained by Forklog, it was claimed that the president’s National Agency for Project Management has been renamed the National Agency for Perspective Projects. The National Anti-Money Laundering Program (NAPP) will take over as the country’s primary crypto watchdog.