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National Agency of prospective projects of the Republic of Uzbekistan

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A member of the special Regulatory Sandbox Regime was registered

14.08.2023
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In accordance with the Regulations on the registration of participants in the Special Regime in the sphere of crypto-assets turnover (Special Regulatory Sandboxes Regime) (reg. MoJ № 3409 of December 30, 2022), the National agency of perspective projects of the Republic of Uzbekistan registered JSV “Ravnaq-bank” as a participant of the Special Regulatory Sandboxes Regime.

The pilot project provides for the development and implementation of the “CRYPTO CARD -UzNEX” virtual bank card product with the functionality of automatic replenishment of a bank card account with funds through the accelerated sale of crypto assets held in the crypto wallet opened on the crypto exchange of a partner for settlement transactions.

The participant of the special regime will test the solution for integrating the automated banking system, the information system of the crypto-exchange, the processing center of the bank and the MasterCard international payment system.

The relevant information has been added to the special regime participants registry in accordance with the established procedure and is publicly available on the official website of the Agency.

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