Mastercard-powered crypto cards will be issued by the participating banks.
There are now three companies registered to engage in the national digital sandbox.
The National Agency for Prospective Projects (NAPP) in Uzbekistan has granted permission to two private banks, Kapital Bank and Ravnaq Bank, to test crypto regulations in a “digital sandbox.” Moreover, Mastercard-powered crypto cards will be issued by the banks.
The NAPP announced on August 14 that Ravnaq Bank has been given permission to take part in the pilot program. In May of 2023, the Agency announced that Kapital Bank will be issuing its own cryptocurrency card.
Major Crypto Push
The Uzbeki crypto card, which the announcement calls UzNEX, would apparently combine a bank account with access to a cryptocurrency exchange and an automatic exchange mechanism. Mastercard, a global leader in electronic payment processing, will back the card.
Both banks have set the end of this year as the target date for completing client roll
We współpracy z: https://thenewscrypto.com/bitcoin-news-uzbekistan-progresses-testing-crypto-regulations-in-digital-sandbox/
