Uzbekistan authorities restrict crypto sales, bans buying

Just last year, Uzbekistan legalized cryptocurrency trading and introduced licensing for exchanges with a presidential decree, it has now become a crime to sell crypto in the country. Authorities in the central Asian country has effectively banned residents from purchasing cryptocurrencies or digital asset formerly licensed in the country. As it stands currently in the country, crypto holders can only sell their coins if they have not been obtained through anonymous transactions. The country which once looked like a promising destination for crypto trading had legal grounds for activities related to the circulation of digital coins however, things have turned