In accordance with the Decree of the President of the Republic of Uzbekistan dated September 2, 2018 No. PP-3926 "On measures to organize the activities of crypto-exchanges in Uzbekistan" dated December 20, 2019, Kobea Group (Republic of Korea) was granted the first license to conduct the crypto-exchanges activities issued by the authorized body in the sphere of turnover of crypto-assets, namely the National Agency for Project Management under the President of the Republic of Uzbekistan.
Kobea Group is a Korea based technology company focused on development of various solutions in the digital economy, including blockchain technology.
According to the statement, 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).