The National Agency of Prospective Projects (NAPP) of Uzbekistan has officially granted a specialized license to "C-STORE" LLC, authorizing the company to operate a cryptocurrency store within the country. This regulatory decision marks another development in the local administration's ongoing efforts to formalize and supervise the rapidly evolving digital assets market.
Key Takeaways: NAPP updated its official electronic registry to include the newly licensed entity "C-STORE", bringing the total number of officially authorized crypto stores operating in Uzbekistan to 15. The permit was issued in strict compliance with the regulations governing crypto-asset service providers, which were originally adopted on August 15, 2022.
The authorization reflects the broader regulatory framework implemented by the state to integrate blockchain-based financial tools into the national economy while maintaining strict compliance standards. Previously, the agency granted a similar operational license to Monetex, highlighting a steady expansion of licensed intermediaries in the digital currency sector. Observers note that such measures are designed to curb illegal financial flows and establish greater transparency for market participants.
According to official announcements from the agency, comprehensive details regarding all active licenses are publicly accessible through the state regulator's online database. This public registry allows consumers and business partners to independently verify the legal standing of cryptocurrency service providers, thereby reducing operational risks in the digital domain.
Looking ahead, regulatory authorities are expected to maintain strict oversight over all registered crypto entities to ensure adherence to compliance policies and consumer protection laws. Analysts indicate that while the growing number of approved businesses points to a maturing market, the authorities will likely impose tighter monitoring to manage emerging financial and technological challenges.
Source: podrobno.uz