{"id":9441,"date":"2025-09-20T10:07:03","date_gmt":"2025-09-20T05:07:03","guid":{"rendered":"https:\/\/frank.uz\/bez-kategorii\/cb-cryptocurrencies-will-not-enter-the-reserves-the-market-is-unstable\/"},"modified":"2025-09-20T10:07:03","modified_gmt":"2025-09-20T05:07:03","slug":"cb-cryptocurrencies-will-not-enter-the-reserves-the-market-is-unstable","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/cb-cryptocurrencies-will-not-enter-the-reserves-the-market-is-unstable\/","title":{"rendered":"CB: cryptocurrencies will not enter the reserves \u2014 the market is unstable"},"content":{"rendered":"<p><strong>Why is this important<\/strong><\/p>\n<p>Against the backdrop of growing global interest in crypto assets, the regulator&#8217;s position emphasizes the course towards conservative reserve management. The decision influences the prospects for legalizing cryptocurrencies in the financial system and determines the scope of regulation. Against the backdrop of record growth in gold reserves, the Central Bank is increasing its focus on stable assets.  <\/p>\n<p><strong>What happened<\/strong><\/p>\n<ul>\n<li>The head of the Central Bank&#8217;s International Reserves Department, Sanjar Valiyev, stated that cryptocurrencies \u201care not suitable for reserves\u201d due to their instability.<\/li>\n<li>The regulator cited the lack of a liquid market and global standards in the field of crypto assets.<\/li>\n<li>Valiyev emphasized that developed countries only added crypto assets after large-scale diversification of their reserves.<\/li>\n<li>Uzbekistan&#8217;s gold and foreign exchange reserves reached <strong>$50 billion<\/strong> in August, including <strong>$40 billion<\/strong> in gold.<\/li>\n<li>Foreign currency reserves decreased to <strong>$9.5 billion<\/strong>, while investments in US Treasury bonds increased to <strong>$1.016 billion<\/strong>.<\/li>\n<\/ul>\n<p><strong>Context<\/strong><\/p>\n<p>In August, the Central Bank updated the historical maximum for gold reserves \u2014 11.8 million ounces. Uzbekistan is actively increasing its gold and foreign exchange reserves, despite the decrease in the foreign exchange component. <\/p>\n<p>The Central Bank&#8217;s position aligns with many regulators who avoid cryptocurrencies as reserve assets, despite investor interest. The cryptocurrency market remains outside the regulator&#8217;s trust zone, despite its growth and international trends. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank excluded the possibility of including cryptocurrencies in the country&#8217;s international reserves. The reason is the high volatility, lack of a liquid market, and speculative nature of digital assets. <\/p>\n","protected":false},"author":4,"featured_media":8879,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_sharing_image":[],"_sharing_image_fieldset":[],"pin_until":"","footnotes":""},"categories":[2061],"tags":[2081,2473,2079,2737],"class_list":["post-9441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-cb","tag-crypto","tag-finance","tag-reserves"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CB: cryptocurrencies will not enter the reserves \u2014 the market is unstable &#8212; Frank.uz<\/title>\n<meta name=\"description\" content=\"The Central Bank excluded the possibility of including cryptocurrencies in the country&#039;s international reserves. 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