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20 September 2021

Uzbekistan has no plans to ease crypto payments ban, says official

Uzbekistan has no plans to ease crypto payments ban, says official


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The Republic of Uzbekistan will never adopt cryptocurrencies like Bitcoin (BTC) as a payment method, according to a central bank official.

Behzod Khamraev, deputy chairman of the Central Bank of Uzbekistan (CBU), predicted that local authorities will not ever allow residents to use Bitcoin as payment, alleging that BTC is backed by nothing.

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