Crypto exchanges must pay monthly fees to operate in Uzbekistan - but it's worth it! | Crypto

Crypto exchanges must pay monthly fees to operate in Uzbekistan – but it’s worth it!

– Uzbekistan has proposed a new law under which crypto exchanges must pay monthly fees to continue their services there.
– The charges vary based on their business activities and can reach upto 11,000 dollars per month in the case of digital asset exchange companies.
– Any company that fails to pay the monthly fees will have its license suspended.
– The bill authored by NAPP under Uzbekistans President will require the licensed crypto firms to pay monthly fees based on their business activities to contribute to the state budget.
– A crypto exchange will be charged the highest monthly fees, which will be around 120 million Uzbekistani soum, equivalent to 11,000 USD.
– The companies failing to pay the fees within one month will be eligible for the suspension of their license.
– If the company does not pay the fees for two months within a single year, its license will get canceled.

73 Crypto exchanges must pay monthly fees to operate in Uzbekistan - but it's worth it!

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