There is another country that could soon become a safe haven for all cryptocurrency investors, blockchain companies, and traders. We are talking about Uzbekistan, a country located in Asia and a former Soviet socialist republic until 1991.
It seems that Uzbekistan is still influenced by Russia’s stance on cryptocurrencies, blockchain adoption, and many other things. According to a local news outlet Vzglyad, Bitcoin will be regulated in September 2018 with an entire Blockchain “skill center” that is being developed and will probably start operating in July this year.
According to the local news, the country’s president Shavkat Mirziyoyev outlined regulatory plans for Bitcoin, cryptocurrencies and blockchain technology adoption. The plan is to push the legislative proposals through a number of government ministries and the central bank – as well as other authorities.
As we mentioned above, cryptocurrency adoption is a hot topic for the entire former Soviet bloc. The neighboring country of Kazakhstan already tried to copy Singapore’s blockchain adoption, while Belarus already announced wishes to create a hospitable environment for this modern technology.
The dedicated blockchain skill center will be nested in the Uzbek capital Tashkent, hosted by the Mirzo Ulugbek Innovation Center. Its agenda will include many plans on embracing blockchain’s potential, from its formulating conditions to its professional ability and potential usability in the future.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]