Odaily Planet Daily News Two private banks, Kapital Bank and Ravnaq Bank, have been approved by Uzbekistan's National Prospect Project Agency (NAPP) to participate in the cryptocurrency regulatory digital sandbox. The two banks will issue physical crypto cards backed by Mastercard.
On August 14, the NAPP report approved Ravnaq Bank to participate in its pilot. Earlier, in May 2023, the agency confirmed that Kapital Bank will also issue its crypto cards.
According to the press release, the Uzbek crypto card will be called UzNEX, and it will integrate a bank account with access to a cryptocurrency exchange port. (Cointelegraph)