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Crypto products have been identified in Azerbaijan

Cəmil Hüseynzadə
07 November 2024 17:20
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Crypto products have been identified in Azerbaijan

The evaluation process of 21 applications included in the special regulatory regime regarding the testing of innovative products has been completed. Four innovative products were selected from among the applications and got the opportunity to be tested under limited conditions in a special regulatory regime.

This is stated in the information released by the Central Bank.

It was noted that these products are the following:

1. "Transfers to crypto exchange wallet" product presented by "PASHAPAY" LLC

2. "Cryptobroker" product presented by "UNICAPITAL INVESTMENT COMPANY" OJSC

3. "Crypto platform" product presented by "SVORT" LLC

4. "PortCoin cryptocurrency" product presented by "MOBILE PAYMENT SOLUTIONS" LLC

It is planned to test the mentioned products within a limited framework and under the supervision of the Central Bank within 6 months.

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