Crypto Magnat has received a license to open a crypto store in Uzbekistan

The National Agency for Innovative Projects issued Crypto Magnat a license to operate as a crypto store. With the receipt of the permit, Crypto Magnat became the 12th officially registered crypto store in the country.

On May 12, the license was issued by order of the NAIPP Director. According to the Unified State Register of Enterprises and Organizations, the owner of the company is Asatilla Suratovich Yakvalkhodjayev, and its director is Sardor Doniyor-oghli Komilov. Crypto Magnat was registered in March 2025 with a charter capital of 500 million sums.

This is already the third license for opening a crypto store issued in 2025. Previously, permits were obtained by Asterium and the joint venture City Pay Gate, in which Paynet owns 45%. In December 2024, the amounts of state duties for licensing participants in the crypto market were approved. The cost of a license for crypto stores is 3,700 BRV or 1.3875 billion sums. The duty amounts are set taking into account global experience and recommendations from international experts, and are also intended to serve as a barrier against fraudulent schemes.

Source: napp_uz