Through this collaboration, the two will focus on developing blockchain community programs as well as relevant research, training, events, and conferences to increase awareness in the banking and finance industries. Moonstake will also work with UzNEX to provide blockchain consulting service including staking technology to financial institutions in Southeast Asia and the Middle East, which in return will serve to assist Moonstake in better penetrating these high-potential markets.

Moonstake launched its staking business in 2020 with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Currently, Moonstake supports 12 high-demand staking coins: Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, and IOST.

UzNEX is the first Uzbekistan government-licensed digital asset trading platform operated by KOBEA Group who has been an instrumental figure in the country's development of the digital economy. The exchange, officially launched on March 2020, has its opening event on January 2020 at an international blockchain conference in Tashkent. The event gathered numerous representatives of crypto companies from South Korea, Japan, and Singapore, as well as officials from Uzbekistan's ministries and government agencies. According to its global compliance strategy, Uznex fully meets the recommendatations of the Financial Actions Task Force (FATF) as well as the relevant laws and regulations of the Republic of Uzbekistan. It is cooperating with local Uzbekistan banks to meet the regulations of domestic cryptocurrency exchanges to have real-name verified accounts on their service platform, securing its stability as a government-approved crypto exchange.

Overseas leading cryptocurrency companies have been paying close attention to the successive pro-cryptocurrency policies in Uzbekistan. Here, the National Agency of Project Management (NAPM) under the President of Uzbekistan is directly involved in the management of the cryptocurrency market and cryptocurrency exchange with the aim to incorporate cryptocurrency into the institutional system. On 30th April, the NAPM announced a decree that lifted this restriction, allowing its citizens to trade in cryptocurrency. Thanks to the decree, UzNEX, which had temporarily held its operation because of the local influence of Covid-19, officially reopened its services on 1 June, 2021.

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