Binance, the leading blockchain ecosystem behind the world's largest cryptocurrency exchange in terms of trading volume, announces that it has officially reached an agreement with the National Agency for Advanced Projects of the Republic of Uzbekistan (NAPPA). The agreement allows the platform to provide services to residents of Uzbekistan through a licensed partner.

Binance will operate in Uzbekistan through a local partner represented by COINPAY LLC. Now, Binance users will be able to deposit and withdraw funds in the national currency using bank cards and national payment systems through the official COINPAY website. 

Binance fulfilled all the requirements of the regulator, which was an important step in demonstrating the company's commitment to comply with the law and work in accordance with the legal norms of the country.

"Reaching an agreement with the Uzbek regulator is an important moment for Binance. This underscores our commitment to working with local authorities and creating a safe and innovative environment for cryptocurrencies and blockchain technologies worldwide. We are pleased to continue our activities in Uzbekistan and contribute to the growth and development of the cryptocurrency industry in the region," said Kirill Khomyakov, head of Central and Eastern Europe, Central Asia and Africa at Binance.

The partnership between Binance and COINPAY LLC marks an important step in the development of a regulated crypto asset ecosystem in Uzbekistan, providing users with access to secure and legal tools for trading and investing in cryptocurrencies. 

XXX

About Binance

Binance is the world's leading provider of cryptocurrency infrastructure with a range of financial products, including the largest digital asset trading exchange in terms of volume. The Binance platform, trusted by millions of people around the world, is designed to enhance the freedom of money for users and offers an unsurpassed portfolio of cryptocurrency products and offerings, including trading and finance, education, data and research, charity, investment and incubation, decentralization, and more.

For more information, visit https://www.binance.com