The solution was affected by the USDT/UZS, USDC/UZS, BTC/UZS, FDUSD/UZS, BNB/UZS and ETH/UZS. The reason for the termination of support for P2P operations with UZS is related to regulatory restrictions for the local partner of Binance, CoinPay, from the National Agency for Promising Projects of Uzbekistan (NAPP).
“All operations on the P2P platform will be a violation of the requirements of the legislation in the field of crypto actual trafficking and will entail appropriate liability in the manner prescribed by law,”- It is said On the CoinPay website.
Binance recommended users from Uzbekistan to consider alternative methods of trading on the platform, including other currencies and services. The exchange team confirmed the readiness to continue working on improving their services in Uzbekistan and compliance with regulatory regulators.
Earlier, the authorities of Uzbekistan announced the pilot launch of the HUMO token, ensured by government bonds to attract investments and increase the transparency of financial transactions.
Source: Bits
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