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Crypto’s Complex Journey in Central Asia

Crypto's Complex Journey in Central Asia

Cryptocurrency ownership is gaining popularity across Central Asia and the Caucasus, according to a report prepared by a group of financial services companies. Uzbekistan has the highest adoption rate for crypto assets in the regions and ranks 33rd globally. The Russian-language report, titled Digital Assets in Central Asia and the Caucasus, shows that almost 1.5 percent of Uzbekistan’s population, or roughly 512,000 individuals, owns cryptocurrency. The 15 licensed cryptocurrency exchanges and outlets operating in Uzbekistan handled over…

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