Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will facilitate instant conversion to fiat money.
Uzbekistan Banks to Launch Virtual Cards Replenished From Crypto Wallets
Uzbekistan’s National Agency of Perspective Projects (NAPP), a regulatory body working under the country’s presidential administration, has permitted two domestic banks to issue bank cards for cryptocurrency payments.
In an announcement this week, NAPP said it had approved the participation of Ravnaq Bank in a pilot project to create a virtual bank card that can be topped up with cryptocurrencies. Earlier this month, the agency confirmed that another banking institution, Kapital Bank, would also release a crypto card, the Russian crypto news outlet Bits.media reported.
The project provides for the development and implementati
We współpracy z: https://news.bitcoin.com/banks-allowed-to-issue-crypto-mastercard-cards-in-uzbekistan/
