In the official blog post published by EMURGO, it showed that the company is going to be spearheading the development of the legal framework for security token offerings and security token trading in the nation. EMURGO’s latest announcement further went onto state:
The company is going to be in charge of the legal framework development regarding security token offerings and security token trading in the country. In Addition, they stated:
“By providing advisory services, EMURGO will expand the framework and business units along with the task force and pursue the potential of Cardano’s third generation blockchain in infrastructure projects.”
Not only that, EMURGO and KOBEA would also wade into the fields of blockchain learning, digital asset banking etc, and provide assistance.
Uzbekistan has lately been really getting into the blockchain world and looking for ground-breaking innovations. the CEO of EMURGO Group, Ken Kodama talked more about the development and stated :
Uzbekistan is more willing than ever to adopt innovation. It is a great honour to work closely with state governments to support the adoption of blockchain technology. We are pleased to be able to provide advisory services to the Uzbek government, build education and academy services at Uzbek universities, and support the development of future professionals for building a blockchain infrastructure.”
EMURGO is the company that drives the Cardano ecosystem forwards. The primary purpose according to the company is to cut down the gap and feel that these agreements are basically the first steps in order of solutions in Uzbekistan, for its digital assets and security tokens.