Kobea Group Starts Sale of Cryptocurrency in Uzbekistan

BUSINESS TURKMENISTAN
Kobea Group Starts Sale of Cryptocurrency in Uzbekistan
Kobea Group was granted the first license to conduct the crypto-exchanges activities issued by the authorized body in the sphere of turnover of crypto-assets in Uzbekistan.

Kobea Group, a South Korean provider with management rights of cryptocurrency exchange which was certified from Uzbekistan government, has started on January 3 the private sale of UzNEX Coin (UNB) in its Uzbekistan government-licensed crypto exchange UzNEX, according to the company’s website.

“Total volume of the UzNEX coins will be limited to 8,000.000.000, and it won’t be increased in the future. UzNEX coin basically runs on Ethereum Blockchain and is manufactured of ERC-20 Model,” the company says on UzNEX website.

The National Agency of Project Management in Uzbekistan announced on December 23 that Kobea Group was granted the first license to conduct the crypto-exchanges activities issued by the authorized body in the sphere of turnover of crypto-assets.

According to the National Agency of Project Management, Kobea Group is a Korea based technology company focused on the development of various solutions in the digital economy, which includes blockchain technology.

The company intends to engage in crypto-exchange activities in compliance with all requirements of the national legislation of the Republic of Uzbekistan in the sphere of turnover of crypto-assets, as well as international standards for combating money laundering and terrorist financing (FATF Recommendations and guidelines).