The Republican Stock Exchange (RFB) "Tashkent" has suspended operations with the shares of Humans Companies and its affiliate Maroqand starting from February 10 and "until further notice," as reported by the exchange's press service.
The RFB "Tashkent" notes that the operations were suspended in accordance with paragraph 1687 of the rules for trading securities on the stock exchange, as well as a notification from the Central Securities Depository dated February 6 and decisions made by the NAEP on February 7.
In September 2024, the Central Bank limited the operations of the payment organization Maroqand— the UPay brand owned by Humans— for six months, which resulted in the suspension of its services for accepting and processing payments using a bank account. Humans, acting as the payment agent for Maroqand, stated that the regulator did not provide prior notice regarding the restrictions and learned about their reasons from the media.
In October, the then-head of the Central Bank, Mamariizo Nurmuratov, explained the reason for the suspension of Maroqand's operations at a press conference and commented on Humans' objections. He noted that the notification was sent directly to Maroqand, as it bears the primary responsibility. At the same time, Humans' objections regarding the lack of prior notice for rectifying violations were deemed unfounded.
Previously, Spot reported that the company Hayot Birja received a license as a commodity exchange.