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Global Digital Asset Exchange of Uzbekistan lists KBH, GAT tokens

Finance Materials 22 September 2021 15:12 (UTC +04:00)

BAKU, Azerbaijan, Sept. 22

By Fakhri Vakilov – Trend:

Two coins were listed on the Global Digital Asset Exchange of Uzbekistan UzNEX, Trend reports with reference to the cryptoasset exchange.

The K-BlackHole (KBH) token was launched on the USD and USDT market, while the Gold Apple Token (GAT) was launched only on the USDT market.

According to the cryptoasset exchange, the KBH token was delisted from the BTC market in agreement with the K-Blackhole fund.

Now there are 4 types of markets on the platform: BTC, USD, USDT and UZS.

The crypto exchange expects that the Uzbeks will soon have the right to buy cryptoassets.

At the end of April 2021, the National Agency for Project Management of Uzbekistan published a draft order on making appropriate changes to the regulation on the licensing procedure for crypto exchanges.

UzNEX is waiting for the adoption of this document, including launching the procedure for converting cryptocurrency into fiat money and withdrawing fiat. But at this stage, only foreigners can buy crypto assets in the country, and Uzbeks can only sell them.

According to the University of Cambridge, as of April 2021, Uzbekistan accounted for 0.03 percent of the world's bitcoin mining. For comparison, Kazakhstan has 8.2 percent, while China has 46 percent.

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Follow the author on Twitter:@vakilovfaxri

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