Baku: The Central Bank of Azerbaijan (CBA) and Uzbekistan's National Agency for Promising Projects (NAPP) have signed a Memorandum of Understanding on cooperation. The agreement is designed to bolster collaboration in areas such as capital and insurance markets and the development, regulation, and supervision of crypto-assets, including establishing a legal framework for institutional cooperation.

According to Azerbaijan State News Agency, the Memorandum outlines plans for the exchange of experience and information between the two institutions. It also includes provisions for organizing mutual visits and joint initiatives. The agreement aims to promote innovative financial technologies to enhance financial inclusion and operational efficiency.