Uzbekistan has no plans to ease crypto payments ban, says official

Cointelegraph

Published Sep 14, 2021 08:47AM ET

Updated Sep 14, 2021 10:20AM ET

The Republic of Uzbekistan will never adopt cryptocurrencies like Bitcoin (BTC) as a payment method, according to a central bank official.

Behzod Khamraev, deputy chairman of the Central Bank of Uzbekistan (CBU), predicted that local authorities will never allow residents to use Bitcoin as payment, alleging that BTC is backed by nothing.

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