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Technologies

NAPP temporarily suspends the PAYNET CRYPTO license

NAPP temporarily suspends the PAYNET CRYPTO license
NAPP temporarily suspends the PAYNET CRYPTO license

Tashkent, Uzbekistan (UzDaily.uz) -- The National Agency for Prospective Projects of Uzbekistan (NAPP) has temporarily suspended the PAYNET CRYPTO license for 10 days.

According to NAPP information, the license issued to PAYNET CRYPTO on 8 August 2023 has been suspended from 12 June  2024.

During the period of temporary suspension of the license, transactions with crypto-assets are prohibited, according to the agency.

The reason for the suspension, according to NAPP, was late payment of the fee.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.