Big Events in Crypto space this Week

Uzbekistan Legitimizes Cryptocurrency

• Despite Bitcoin plunge at $6.5K, the popularity and adoption of the cryptocurrency continue to surge.
  The President of Uzbekistan, Shavkat Mirziyoyev, recently signed a decree that permits the existence of cryptocurrency exchanges and other activity surrounding the industry, according to local media
  
• As per decree crypto activity won’t be regulated by current legislation surrounding securities and that it will instead be regulated by specific acts put into place for digital assets. The exchange license will be granted to foreign entities only if they meet certain criteria, mentioned in the decree

Iran Government Accepts Cryptocurrency Mining as Industry

• Iran’s Government Officially Recognizes And Accepts Cryptocurrency Mining
  Secretary of Iran’s Supreme Council of Cyberspace stressed that cryptocurrencies mining like bitcoin [sic] has been accepted as an industry in the government and all related organizations to the mining such as Ministry of Communications and Information Technology, Central Bank, Ministry of Industry, Mining and Trade, Ministry of Energy, as well as Ministry of Economic Affairs and Finance have agreed it, but the final policy for legislating it hasn’t been declared yet.