Home / FinTech / Central Bank of Uzbekistan introduces definition for “digital bank”

Central Bank of Uzbekistan introduces definition for “digital bank”

The Central Bank of Uzbekistan has proposed legislative amendments that, for the first time, provide a legal definition for what constitutes a “digital bank”. The proposed amendments would define a digital bank as an entity that renders banking services at a distance via innovative technologies and without cashier services. Additionally, these amendments would alter the registration and licensing of financial institutions to accommodate the new legal definition.

  • Categories

  • Main topics