SINGAPORE, June 9, 2021 - (ACN Newswire) - Moonstake today announces it has entered a partnership with Uzbekistan
government-approved cryptocurrency exchange UzNEX that is operated by KOBEA Group, a leading technology firm focused on
developing solutions for the digital economy including blockchain.
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.
In line with this, KOBEA Group announced that a massive renewal of UzNex is underway, and that the collaboration with
Moonstake aims to attract more users with the platform's world-class staking service. Staking of the cryptocurrency
means fixing a certain amount of cryptocurrency you own as a stake to obtain a certain amount of profit during the
deposit period, regardless of the fluctuations in the cryptocurrency price.
Mitsuru Tezuka, Founder at Moonstake, says: "Uzbekistan is a rapidly developing country when it comes to adoption of
cryptocurrency and distributed ledger technology, with the government taking active part in the development as well as
regulation of digital asset services. UzNEX is the first and only licensed crypto exchange in Uzbekistan, operated by
the renowned KOBEA Group that has been doing incredible work with developing the digital economy in the country. As a
world-leading staking provider, we're happy to join hands with them and accelerate the growth of cryptocurrency and
staking in the region together."
Chang Yong Lee, Chairman of KOBEA Group and UzNEX says: "Uzbekistan is now one of the youngest and fastest growing
countries in the world, where major reforms in the field of the digital economy are being introduced. This country has
enormous potential, and may soon lead the global digital economy. We're happy to partner with Moonstake, one of the top
10 largest staking providers globally, to accelerate the awareness and development of the digital economy, including
cryptocurrency and staking, in Uzbekistan."
Moonstake is honored to take part in this groundbreaking initiative to bring the digital economy to Uzbekistan, and we
look forward to deeper collaboration opportunities with UzNEX crypto exchange.
About Moonstake
Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and
global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners
and companies.
Moonstake aims to become Asia's largest staking pool network by providing crypto asset holders with an active and
appealing environment. We are focusing on partnerships to build good relationships with major platform providers. In
addition to core blockchains such as Emurgo, Ontology and NEO to promote staking, and Binarystar, Japan's largest
blockchain hub, we are affiliated with Singapore-listed company OIO Holdings Limited (SGX: OIO) and others. Moonstake's
innovative activities are supported by industry-renowned advisors such as Lisk and Lawrence Lim of RAMP DEFI.
With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets
exceeded over USD 1 billion.
About UzNEX
UzNEX is the first government-licensed digital asset trading platform in Uzbekistan. It is operated by KOBEA Group, a
blockchain firm focused on developing various solutions for the digital economy including blockchain. UzNEX is the only
exchange in Central Asia where a market has been prepared using the national currency, credit cards and US dollars. It
is the first cryptocurrency exchange in the world where you can entrust the management of fund assets without experience
in cryptocurrency and view investment strategies of highly profitable professional investors on a daily, weekly and
monthly basis.