BAKU, Azerbaijan, January 21. The Central Bank
of the Republic of Azerbaijan (CBA) and the National Agency for
Promising Projects of Uzbekistan (NAPP) have formalized a
partnership by signing a memorandum of cooperation, Trend reports via CBA.
The memorandum not only establishes a legal framework for
collaboration between the two agencies but also aims to enhance
cooperation in the development, regulation, and oversight of
capital and insurance markets, as well as in the realm of
cryptocurrency assets.
According to the memorandum, the parties will engage in the
exchange of knowledge and information, facilitate mutual visits,
and jointly implement initiatives that foster the advancement of
innovative financial technologies. The overarching goal is to boost
financial inclusion and improve operational efficiency within their
respective financial sectors.
