Monday, 04, March, 2024

On January 20, the South Korean Kobea Group launched the UzNEX crypto exchange in Uzbekistan, the only crypto exchange in Central Asia, UzA said in a statement. The exchange will use the soum, credit cards and US dollars in trading.

The opening ceremony was held at the Korean Cultural Center in Tashkent as part of a conference on blockchain technology. In the ceremony were present CEOs of blockchain companies in South Korea, Japan, Singapore, as well as officials of Uzbek ministries and departments.

“Security experts from the world's leading crypto exchanges will around the clock and continuously monitor the platform, and the Engineering Technology Center will provide specialized solutions based on the recommendations of the Financial Action Task Force on Money Laundering (FATF). In addition, the world-famous company in the field of security of digital assets, BitGo will provide a “hot wallet”, the statement said.

The Kobea Group also plans to open blockchain departments in biggest universities in Uzbekistan.

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