Binance has confirmed that it meets all local regulatory requirements, demonstrating the company's commitment to adhering to Uzbekistan's legislation.
Kirill Khomyakov, the head of Central and Eastern Europe, Central Asia, and Africa at Binance, stated: “Reaching an agreement with the Uzbek regulator is a significant milestone for our company. It highlights our willingness to collaborate with local authorities and foster a safe and innovative environment for cryptocurrencies and blockchain technologies worldwide. We are excited to continue our operations in Uzbekistan and contribute to the growth of the cryptocurrency industry in the region.”
Binance's partnership with COINPAY marks an important step in the development of a regulated cryptocurrency ecosystem in Uzbekistan, providing users with access to safe and legal tools for trading and investing in cryptocurrencies.