Uzbekistan restricts the use of proceeds from crypto exchanges for non-residents
Foreign traders can only spend the funds received to buy digital assets or repatriate them abroad
15.02.2023 - 16:20
664
1 min
0
What’s new? Uzbekistan’s Central Bank has restricted the use of foreign currency funds for non-residents on local crypto trading platforms. Thus, foreign legal entities can transfer assets from foreign accounts and proceeds from the sale of cryptocurrencies to their foreign currency accounts. However, they can only spend this money to buy cryptocurrencies, or transfer it to an account in the country where the funds came from. Using it for other purposes is not allowed.
Resolution of the Central Bank of Uzbekistan
Cryptocurrencies and Uzbekistan. In August 2022, the National Agency of Perspective Projects of the Republic of Uzbekistan (NAPP) restricted access to unlicensed cryptocurrency exchanges and exchangers, including foreign platforms. The regulator noted that such companies are not legally liable and cannot guarantee the legitimacy of transactions.
The NAPP also presented a document, according to which only legal entities can engage in mining in the country, and green electricity obtained with solar photovoltaic stations should be used during the operation.
In September, the Uzbek authorities set the amount of monthly fees for cryptocurrency companies, particularly legal entities-miners, and providers in the field of digital assets.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$60 812
BTC
-0.62%
-
Ethereum
$1 567.23
ETH
-1.58%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.09
XRP
-1.11%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.081757
DOGE
-0.72%
-
Stellar XLM
$0.21207
XLM
+3.65%
-
Zcash
$365.85
ZEC
-7.05%
-
Cardano
$0.157264
ADA
-0.72%
-
Polkadot
$3.32
DOT
+5.27%