Central Asia fintech news
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Central Bank of Uzbekistan allows banking app registration using a relative's phone number
The regulator updated cybersecurity requirements for fintech services: biometrics for card linking are canceled, and banks will set their own limits for P2P transfers without SMS.
Uzbekistan's NAPP proposes stricter controls for crypto providers
The National Agency for Perspective Projects has submitted draft internal control rules for cryptocurrency services for public discussion
Fintech Association of Uzbekistan announces partnership with international organization
The association has launched an official collaboration to develop the country’s fintech ecosystem
Uzbekistan invests $70 million to expand AI computing capacity
The government will allocate additional funds to upgrade its supercomputer cluster for artificial intelligence projects.
From 'Fast Money' to Large-Scale Ecosystems: WOOX CEO Shokhrukh Ayibov on Uzbekistan's Fintech Transformation
The era of competing solely on basic payments is ending. WOOX CEO Shokhrukh Ayibov explains why the Central Bank is driving innovation and how Uzbekistan plans to become Central Asia’s primary fintech hub by 2030.
Uzbekistan tightens bank control over large financial transactions
Since August, banks must verify transactions over 175 million soums and track transfers to children’s accounts exceeding 16.5 million soums.
Uzbekistan to attract $6 billion for AI infrastructure by 2030
The government has signed agreements for private investments in 800 MW of computing capacity. For the financial sector, this provides the physical foundation for local fintech solutions, from heavy credit scoring models to anti-fraud systems.
Uzbekistan mandates local storage of customer biometric data
The Central Bank expanded information security requirements to the entire non-bank lending sector and introduced mandatory biometrics localization.
Uzbekistan tightens advertising rules for financial services and insurance literacy
The Senate approved a law requiring financial companies to warn about risks in advertising and include insurance literacy in public service announcements.
Uzbekistan Approves Law on Enterprise Uzbekistan International Center Under English Law
The Senate passed a constitutional law creating the legal framework for a digital hub with tax breaks and simplified imports.
Uzbekistan approves rules for banks and MFIs to transition to Islamic model
The Ministry of Justice registered a regulation allowing traditional financial institutions to fully rebuild their business models under Sharia law.
Central Bank of Uzbekistan launches CBU-GPT AI assistant for documents and queries
The Uzbek regulator is deploying artificial intelligence to process documents and automate interactions with financial participants.