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Technologies 15/08/2023 Special regime participant registered
Special regime participant registered

Tashkent, Uzbekistan (UzDaily.com) -- The National Agency for Perspective Projects of the Republic of Uzbekistan in accordance with the Regulations on the procedure for registering participants in the Special Regulatory Regime in the Sphere of Crypto Assets Circulation (Special Regulatory Sandbox Regime) registered Ravnaq-bank as a participant in the Special Regulatory Sandbox Regime.

The pilot project envisages the development and implementation of a bank card product virtual bank card "CRYPTO CARD - UzNEX" with the functionality of automatic replenishment of a bank card account with cash through the accelerated sale of crypto-assets located in the crypto-wallet of a partner opened on the crypto-exchange for settlement operations.

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 register of participants in the special regime in accordance with the established procedure and is publicly available on the official website of the Agency.

 

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