Uzbekistan legalizes Cryptocurrency!

[Thadeous]

More and more positive news concerning legalizing Crypto come from various part of the world.
This one is from Central Asia: Uzbekistan Legalizes Cryptocurrency
It is the second Post-Soviet country that made such a step, the first one was Belarus.

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[chukaday]

AWESOME NEWS ! Was having more of a bleak day than usually and that perked me right up, glad the whole world isn't dead to what is right infront of them. And I hope more countries can follow and be progressive like Uzbekistan the country that can

[mrbnson]

Already this year, by September 1, a bill that legalizes Bitcoin and other digital currencies in the country will be prepared.

So it's not happened yet and won't happen for another 6-7 months. Also saying that they'll legalize it implies that it was previously illegal, is that the case?

President of Uzbekistan Shavkat Mirziyoyev approved the creation of a competence center for distributed registry technologies at the Mirzo Innovation Center Innovation Center.

Its main tasks will be the formation of conditions for using the capabilities of blockchain, increasing the human resources potential and supporting domestic developers in mastering this technology. It is planned that this structure will work as early as June 1, 2018.

I think that this is bigger news than just legalizing cryptocurrencies. They are going to actively explore its uses and that can only grow interest and support. Hopefully some larger countries can follow their lead.

[Doge dealer]

This is great news for cryptocurrencies however its not surprising as it clear that  this will become the mode of doing business within our borders and outside . The goal was never to give cryptocurrencies a hard time and perhaps everything would have gone differently had the powers that be done some sort of sensitization before unleashing this very powerful tool of change on the general population, people are afraid at first of things that will have a significant impact if they don't have enough knowledge about it especially if the people who they look to for guidance on financial matters are against it .money plays a significant role in world politics and as such this period of transitioning will definitely not be an easy one as people do not find it easy to walk away from power.(which is what they will have to do if they dont smell the coffee and get in line).

[budi691]

Yes! adding one more state that opens with cryptocurrency, this is a good process for other countries. 

[coinminerdotcom]

Already this year, by September 1, a bill that legalizes Bitcoin and other digital currencies in the country will be prepared.

Its main tasks will be the formation of conditions for using the capabilities of blockchain, increasing the human resources potential and supporting domestic developers in mastering this technology. It is planned that this structure will work as early as June 1, 2018.

I think that this is bigger news than just legalizing cryptocurrencies. They are going to actively explore its uses and that can only grow interest and support. Hopefully some larger countries can follow their lead.

This can be huge. Uzbekistan paving the way for blockchain technology. I anticipate to see how far they ingrain it throughout their society.

[daduremi]

this is very good news, it indicates that bitcoin has been accepted by the world
and another one, this morning I saw the news on television, if the venezuela country buys bitcoin on a large scale.
the country that's is currently experiencing a very severe crisis, everyone in the country exchange their official currency with bitcoin.
and they use bitcoin as a daily transaction tool. for example to pay for coffee, pay for laundry, and also buy food
it seems that soon bitcoin will really be the world's currency
hopefully it will come true

[Zicadis]

More and more positive news concerning legalizing Crypto come from various part of the world.
This one is from Central Asia: Uzbekistan Legalizes Cryptocurrency
It is the second Post-Soviet country that made such a step, the first one was Belarus.

this is definitely positive news and as long as we kept such news into the public domain I can assure you that the general marketcap of all coins will rise and this will force people to invest in cryptocurrencies.

[Scorpion]

Very good on  Uzbekistan, nice to see progressive stance coming from a small country. It could really help them too in terms in coming into the technology pace of what's getting big on the internet nowadays.

[partysumo]

Great news. No matter how small an impact Uzbekistan might have economically, it is great to see that more and more countries are trying to come up with ways to regulate bitcoin instead of banning it.

[Rozita]

Bitcoin cannot be ignored anymore. Day by day more countries accept cryptocurrency. It's the power of bitcoin and its community. It's a reward for those who believed bitcoin. Those who didn't panic after some bad news and hold their bitcoins.

[onemoretime8520]

it is very interesting that ex soviet union countries such as Belarus and Uzbekistan legalize btc because in my mind they are always positioned as countries who love centralization and don`t allow such things that can bring decentralization. Great News.

[Shikaina]

Good news! Atleast they’ll be backed up by their government now unlike in some countries instead of seeing the potential in accepting cryptocurrency they destroy it by publishing lies about it.

[Lyd]

Uzbekistan is the kind of country that understood very well the importance of cryptocurrencies. This is a country that even if it's a small one it is ready to develop. Good job Uzbekistan!

[faatipoke]

I see that not so rich countires are legalising cryptocurrency such as venezuela or uzbekistan. I am trying to analyse the reason and the results of this period. Korea, China, Russia and United States are more opposite of cryptocurrenies, we will see when these powerful countries will adopt cryptocurrencies. I hope this will happen soon

[LeGaulois]

Is it me or?

Guys, did you read the article and see something inside talking about the country legalizing cryptocurrencies?
I think the title is misleading if you read the article the point is their president "approved the creation of a competence center for distributed registry technologies at the Mirzo Innovation Center Innovation Center. Its main tasks will be the formation of conditions for using the capabilities of blockchain, increasing the human resources potential and supporting domestic developers in mastering this technology"

The only reference to cryptos is "Earlier, the representatives of the Central Bank of Uzbekistan negatively spoke in relation to virtual money, calling them an instrument for financing terrorism."

[Rozita]

I see that not so rich countires are legalising cryptocurrency such as venezuela or uzbekistan. I am trying to analyse the reason and the results of this period. Korea, China, Russia and United States are more opposite of cryptocurrenies, we will see when these powerful countries will adopt cryptocurrencies. I hope this will happen soon

Yes. Most of the countries try to legalize bitcoin are developing ones. Rules in developed countries are usually more strictly. Taxes in developed countries are much higher. Developed countries also don't want their economic to be in risk.

[Ranly123]

More and more positive news concerning legalizing Crypto come from various part of the world.
This one is from Central Asia: Uzbekistan Legalizes Cryptocurrency
It is the second Post-Soviet country that made such a step, the first one was Belarus.

That could be a boost for investors in cryptocurrency. More and more countries feel like cryptocurrency plays a vital part in the economy if regulated and run properly with a much secure wallet to avoid crimes. This could guve people sone financial opportunity and another means of income.

[tabas]

With Belarus, no tax for cryptocurrencies is real but I found something wrong with the thread, the website OP gave looks like copying cointelegraph.

Is it me or?

Guys, did you read the article and see something inside talking about the country legalizing cryptocurrencies?
I think the title is misleading if you read the article the point is their president "approved the creation of a competence center for distributed registry technologies at the Mirzo Innovation Center Innovation Center. Its main tasks will be the formation of conditions for using the capabilities of blockchain, increasing the human resources potential and supporting domestic developers in mastering this technology"

The only reference to cryptos is "Earlier, the representatives of the Central Bank of Uzbekistan negatively spoke in relation to virtual money, calling them an instrument for financing terrorism."

I have noticed this but on the first sentence it says

"Already this year, by September 1, a bill that legalizes Bitcoin and other digital currencies in the country will be prepared."

[Thadeous]

With Belarus, no tax for cryptocurrencies is real but I found something wrong with the thread, the website OP gave looks like copying cointelegraph.

Is it me or?

Guys, did you read the article and see something inside talking about the country legalizing cryptocurrencies?
I think the title is misleading if you read the article the point is their president "approved the creation of a competence center for distributed registry technologies at the Mirzo Innovation Center Innovation Center. Its main tasks will be the formation of conditions for using the capabilities of blockchain, increasing the human resources potential and supporting domestic developers in mastering this technology"

The only reference to cryptos is "Earlier, the representatives of the Central Bank of Uzbekistan negatively spoke in relation to virtual money, calling them an instrument for financing terrorism."

I have noticed this but on the first sentence it says

"Already this year, by September 1, a bill that legalizes Bitcoin and other digital currencies in the country will be prepared."

Well, may be this bill that legalizes crypto was ready by September, but signed by government only now?