First license for implementation of cryptocurrency exchanges activities was issued

First license for implementation of cryptocurrency exchanges activities was issued

In accordance with the Decree of the President of the Republic of Uzbekistan dated September 2, 2018 No. PP-3926 "On measures to organize the activities of crypto-exchanges in Uzbekistan" dated December 20, 2019, Kobea Group (Republic of Korea) was granted the first license to conduct the crypto-exchanges activities issued by the authorized body in the sphere of turnover of crypto-assets, namely the National Agency for Project Management under the President of the Republic of Uzbekistan.

Kobea Group is a Korea based technology company focused on development of various solutions in the digital economy, including blockchain technology.

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According to 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 sphere of turnover of crypto-assets, as well as international standards for combating money laundering and terrorist financing (FATF Recommendations and guidelines).

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