Uzbekistan Banks To Issue Crypto Cards
As part of the virtual regulatory sandbox for cryptocurrencies run by the National Agency for Perspective Projects (NAPP), private banks Kapital Bank and Ravnaq Bank have been given permission by the government of Uzbekistan to issue crypto cards.
This action enables these banks to create plastic crypto cards that are supported by the widely used payment network Mastercard. On August 14, the NAPP announced the entry of Ravnaq Bank. Additionally, in May 2023, Kapital Bank gained confirmation.
UzNEX crypto cards offer a holistic financial experience by blending conventional banking with seamless crypto exchange access. They integrate bank accounts with direct cryptocurrency exchange access and automated exchange, providing users with a seamless financial experience.
(With inputs from Shikha Singh)
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