Uzbekistan: Cryptocurrencies will be regulated in September.

Vzglyad, the country’s national news media, announced on February 21 that Uzbekistan, through a decree established by Shavkat Mirziyoyev, president of the republic, plans to regulate cryptocurrencies as of September this year . This will be possible through a Blockchain skill center that will be implemented in July of this year.

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The issue of the regulation of the cryptocurrency has been touched in different countries, as happened in Kazakhstan – neighboring country of Uzbekistan – thanks to want to imitate Singapore in the use of Blockchain . On the other hand, Belarus insists on creating a harmonious aura to use digital currencies.

Blockchain Skills Center

Those responsible for making laws regarding the use of cryptocurrencies are various authorities, including some government ministries , various members of the central bank, among other entities. The skills center – called the Mirzo Ulugbek Innovation Center – will be located in Tashkent, better known as the capital of Uzbekistan.

The presidential decree has generated positive changes in the entities. Representatives of the country’s central bank categorized digital currencies as a terrorist act , strongly supporting Mirziyoyev’s motion. In relation to this, Prime Minister Abdulla Aripov strongly supports the use of Blockchain technology.

The managers have different objectives for the Skills Center

What the authorities plan for the Innovation Center includes that in its itinerary is the realization for the good use of the Blockchain technology, allowing professionals to improve professionally and support those in charge as of July 1, 2018.

This will be of great help for the country due to the crisis suffered in terms of mining costs in cryptocurrencies is among the lowest in the world.

With references of:  Cointelegraph