Uzbekistan Starts to Investigate a Legal Framework for Security Token Offerings

2019-1-19 00:09

Recently, Uzbekistan started to be another one of the countries leading the discussions for how to regulate Security Token Offerings (STOs). The central Asian nation is making an effort to become more crypto friendly since last year and it looks like the efforts are starting to pay off.

While the country took its time to be able to start the conversation about STOs, the former Soviet country with a population of only 32.5 million people has decided to level up its economy by embracing the blockchain, which is always a good idea.

Efforts are more strong since September 2018, when crypto exchanges started to be regulated in the country after friendly legislation has been passed. The president of the country, Shavkat Mirziyoyev, has also created a digital trust at the time which would be used to help blockchain startups.

The Regulation For Security Token Offerings

Now, the Digital Trust initiative is working hard to bring security token offerings to the country. While the idea is still at a very early stage and the framework is just starting to be made real, the investment director of the state fund, Bobir Akilkhanov, has told the media that they are working on the laws already and that they do not want to rush it or to make any mistakes.

The decision to back STOs, which are deemed as proper security tokens instead of Initial Coin Offerings (ICOs), which often claimed to be utility tokens, is because the group sees ICOs as “hype tools for investors” and STOs to be more legitimate.

There is some logic to this claim. While not all ICOs were only speculative gambles and some teams were very dedicated to their projects, ICOs got bad fame. More than half of them were total busts of scams and people do not forget that easily.

While the hype for crypto projects is down now, Kazakhstan, a neighbor of Uzbekistan, has already followed this path with a degree of success, so this is certainly not a bad idea or one to appear too late.

Only time will tell whether Uzbekistan will actually achieve its goal of creating a crypto friendly country and whether this will help the economy of the small country or not, but it looks like the country is on the right track.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cthulhu Offerings (OFF) íà Currencies.ru

$ 0.00200758 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Äîñòóïíî / Âñåãî 0 OFF

security offerings token uzbekistan looks year friendly

Èñòî÷íèê: bitcoinexchangeguide.com

security offerings → Ðåçóëüòàòîâ: 107


Governor of China’s central bank defines STOs as illegal financial activity in the country

The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the country, South China Morning Post reported on December 9. Pan Gongsheng, a deputy governor of China’s central bank, told a summit in Beijing “that ‘illegal’ financing activities through STOs and ICOs (Initial Coin Offerings)  were […]

2018-12-10 09:29


Deputy governor of China’s central bank defines STOs as illegal financial activity in the country

The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the country, South China Morning Post reported on December 9. Pan Gongsheng, a deputy governor of China’s central bank, told a summit in Beijing “that ‘illegal’ financing activities through STOs and ICOs (Initial Coin Offerings)  were […]

2018-12-10 09:29


People’s Bank Of China (PBoC) Says Security Tokens (STO) Are An “Illegal Financial Activity In China”

China’s Central Bank, the People’s Bank of China, reported to the South China Morning Post its decision concerning security token offerings, noting that they are illegal in the country. The bank’s deputy governor Pan Gongsheng appeared at a summit in Beijing and there, he discussed the “illegal” financing activities that have been effectuate with STOs […]

2018-12-10 06:11


Israeli Startup Launches Crypto Funds Amid Institutional Push

Since the value of Bitcoin began to recede in early-2018, investors from across the globe have sought to find a silver lining to latch onto. However, with initial coin offerings (ICOs) seeing less than adequate amounts of interest, security tokens failing to pick up steam, and corporations remaining hesitant to adopt blockchain-based technologies, investors have.

2018-11-21 01:00


äàëüøå åùå 58 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Arcblock crypto jumps 64% in one month: Is $4.12 next?

Arcblock crypto’s price has increased by 64% in the last 30 days. Bullish pressure is significant in the token’s market. ABT, the native token of Arcblock crypto, a platform designed to The post Arcblock crypto jumps 64% in one month: Is $4.12 next? appeared first on AMBCrypto.

Ethereum ETF chances 'slim to none' as SEC considers ETH 'security'

SEC could reject spot ETH ETF application based on ‘security’ status. Mixed feelings on possible SEC’s rejection grounds as ETH price dropped.  The US SEC (Securities and Exchange ComThe post Ethereum ETF chances 'slim to none' as SEC considers ETH 'security' appeared first on AMBCrypto.

Bitcoin, Ethereum underperform as crypto market remains bearish

Bearish sentiment dominated the crypto market. BTC and ETH led the bearish sentiment with their poor price trends. While holders of certain meme coins may be celebrating significant gains inThe post Bitcoin, Ethereum underperform as crypto market remains bearish appeared first on AMBCrypto.

What's in store for XRP as XRPL development activity picks up pace?

The increase in development activity had little to no effect on XRP's price. A good buying opportunity might have presented itself, on-chain data revealed. Development activity on the XRP LeThe post What's in store for XRP as XRPL development activity picks up pace? appeared first on AMBCrypto.