🔴 Binance halts trading in Uzbek som on P2P
From May 27, the largest cryptocurrency exchange Binance will stop supporting transactions in Uzbek soms (UZS) on its P2P platform. The reason is regulatory pressure from the National Agency for Prospective Projects of Uzbekistan (NAPP).
Here’s what is known:
— The agency has tightened control over cryptocurrency operations within the country
— Binance officially stated that it operates within local requirements
— The platform will remain accessible, but without the ability to transact in soms
📌 For reference: this is not the first instance of pressure on Binance in the region. Previously, the platform faced restrictions in Kazakhstan and Turkey. It is likely that a phase of strict crypto regulation has begun in Uzbekistan, and this is just the beginning.
The impact on the cryptocurrency market as a whole is minimal — but for local traders from Uzbekistan, this is a significant blow to liquidity.
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