Local news agency Vzglyad reports that plans to regulate Bitcoin will be published after the Blockchain Master Center begins operations in September this year.
Shavkat Mirziyoyev, President of Uzbekistan, gave the green light to a document that defines regulatory plans for blockchain technology and cryptocurrency. Also, legislative proposals were approved by the Central Bank and a number of other government bodies and ministries.
The blockchain center will be located in Tashkent at the Mirzo Ulugbek Innovation Center and will begin its work on July 1. According to local sources, the agenda will include the issue of “formulating conditions for using the potential of blockchain technology, increasing professional capabilities and supporting domestic developers in its development.”
The topic of cryptocurrencies is relevant for the countries of the former CIS. Belarus has already created a national cryptocurrency, and the President of the Republic Alexander Lukashenko signed a decree “On the development of the digital economy.” Also in Belarus they plan to create favorable conditions for the development of innovative financial technologies and build a plant for the production of mining devices.
You May Also Like
India to unveil draft cryptocurrency regulation in December
According to the news publication Quartz, a working group tasked by India's finance minister to prepare regulations and recommendations regarding the blockchain industry and the activities of companies in the cryptocurrency sector is expected to unveil the bill next month.
The US IRS is preparing to shake up crypto traders
Accounting firm NODE40, which specializes in calculating digital currency earnings and developer of Bitcoin tax reporting software, expects the U.S. Internal Revenue Service (IRS) to send out a record number of cryptocurrency-related claims as it believes many investors will decide to declare their losses.
