The first license for crypto exchanges was issued in Uzbekistan

In accordance with the decree of the President of the Republic of Uzbekistan on "measures for organizing the activities of crypto exchanges in the Republic of Uzbekistan”  the authorized body in the field of crypto assets circulation is the National Agency for Project Management under the President of the Republic of Uzbekistan the first license to carry out the activities of crypto exchanges was issued to the Kobea Group company (Republic of Korea).

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 the Republic 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 Guiding Documents).