Hong Kong, Thursday, March 21, 2024 – Tether, the blockchain-enabled platform, announced on March 7, 2024, the signing of a Memorandum of Understanding (MOU) with the National Agency of Prospective Projects (NAPP) implementing the crypto regulations in the Republic of Uzbekistan, focusing on country’s betterment. 1
This new venture aims at Uzbekistan’s development and adoption of blockchain technology, stablecoins, and digital assets tokenization.
The goal of establishing Uzbekistan as a central hub for blockchain technology is to achieve successful integration, thereby paving the way for innovation and economic development in the country.
The integration of Tether with NAPP will also execute a scheme for strengthening the finance sector in the republic of Uzbekistan.
It is expected to elaborate a comprehensive environment for students and professionals on blockchain technology, stablecoins, and peer-to-peer systems while expanding into the private and public sectors. For that, the government of Uzbekistan expects Tether’s involvement in local academic institutions.
“NAPP is dedicated to exploring the power of emerging technologies to propel Uzbekistan’s economic development. This collaboration represents a significant step in harnessing the enormous potential of blockchain technology and crypto assets in general,” the director of NAPP, Lee Dmitriy Romanovich, commented. 2
The integration will be beneficial for the local startup community, upscaling the recognition of the Republic of Uzbekistan.
- Blockchain Hub: https://tether.to/en/tether-signs-mou-with-republic-of-uzbekistan-to-develop-blockchain-and-peer-to-peer-telecommunication-infrastructure-foster-innovation/[↩]
- Blockchain Hub: https://tether.to/en/tether-signs-mou-with-republic-of-uzbekistan-to-develop-blockchain-and-peer-to-peer-telecommunication-infrastructure-foster-innovation/ [↩]
