Uzbekistan Officially Outlaws Cryptocurrency Purchases

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According to reports, citizens will not be allowed to purchase digital assets even from licensed crypto exchange platforms in the country. However, before the ban goes into full effect, citizens will be allowed some time to sell off whatever assets they currently hold. Sellers, however, have to be verified and must be adult citizens – 18 years or older. Furthermore, sellers must not be tired to any criminal activity, and will only be able to sell on two exchange platforms – Sputnik and Forklog.

In addition, there were several rumors that the government was considering creating its own trading service, a training platform for blockchain technology, and also the possibility of allowing relevant companies to hold initial coin offerings (ICO).

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