Telegram Wallet in Uzbekistan: NAPP License, Features and Fees 24.09.2026
TGHAMYON LLC, the operator of Telegram Wallet in Uzbekistan, holds a single license in the NAPP register — crypto depository license CD #0006 of 18 July 2025. We look at what it covers under Regulation No. 3380, who carries out purchases and exchanges according to the service's documents, and which fees and limits are published as of 24 September 2026.
In brief: the license of Telegram Wallet (Wallet in Telegram) in Uzbekistan is crypto depository license CD #0006 of 18 July 2025, held by TGHAMYON LLC on the basis of order of the NAPP director No. 58 of 9 July 2025: that is how the entry appears in the register of the National Agency of Perspective Projects, taken by our editorial team on 24 September 2026. TGHAMYON holds no crypto exchange (CE) or crypto store (CS) license in the register. Under the Wallet user agreement for Uzbekistan (paras. 7.1–7.2), buying and selling crypto assets for fiat and exchanges inside the wallet are provided by a third-party provider, Asterium; in the same register, ASTERIUM JSC holds exchange license CE #0006, store license CS #0017 and depository license CD #0007.
TGHAMYON's license in the NAPP register as of 24.09.2026
| Register field | Entry (verbatim, taken on 24 September 2026) |
|---|---|
| Licensee | Limited Liability Company TGHAMYON |
| Address | 100022, Tashkent city, Yakkasaray District, Damarik mahalla citizens' assembly, 58-A Bobur Street |
| Founder | LLC Wallet Global Ventures Limited – 100% |
| Section, number | CRYPTO DEPOSITORY, CD #0006 |
| Date of issue | 18 July 2025 |
| Basis | Order of the Director of the National Agency of Perspective Projects of the Republic of Uzbekistan No. 58 of 9 July 2025 |
There are no suspension notes. According to NAPP's announcement of 21 July 2025, the founder, Wallet Global Ventures Limited, "also owns the crypto providers behind the 'Wallet in Telegram' product" (translated from Russian). In total, as of 24 September 2026, the register holds 22 valid licenses issued to 17 companies — the same as in our breakdown of the NAPP register of 22 September 2026.
What a crypto depository license allows
The license types are set by the Regulation on the procedure for licensing the activities of service providers in the field of crypto asset circulation (order of the NAPP director No. 32 of 14 July 2022, reg. No. 3380 of 15 August 2022; versions No. 3380-1 of 6 February 2024 — in force since 8 May 2024, No. 3380-2 of 28 February 2026 — since 3 June 2026, and No. 3380-3 of 29 June 2026 — since 1 October 2026). Paragraph 5: "A license is issued separately for each type of service provider" (translated from Russian). The definitions are in paragraph 1 of the current version:
| Type | Definition (para. 1 of Regulation No. 3380, verbatim, translated from Russian) | In the register on 24 September 2026 |
|---|---|---|
| Crypto exchange (CE) | "an organization providing an electronic platform for the purchase, sale and (or) exchange of crypto assets"; under para. 10, also quoting based on supply and demand and a charter capital of at least 5,000 BCV in cash, of which 3,000 in a separate account at a bank in Uzbekistan | COINPAY (CE #0004), ASTERIUM (CE #0006) |
| Crypto store (CS) | "…for providing services for the purchase and (or) sale of crypto assets" | 14, of which 6 are suspended (as of 24 September 2026) |
| Crypto depository (CD) | "…for providing services for the issuance of crypto assets, their initial placement and custody" | 6, including TGHAMYON |
| Mining pool (MP) | "…for consolidating computing power to support the mining process" | 0 |
Purchase, sale and exchange are not listed in the definition of a depository — they belong to the exchange and the store. As of 24 September 2026, napp.uz (news, FAQ) contains no NAPP clarifications on depository operations beyond issuance, placement and custody.
Who carries out purchases and exchanges in Wallet: TGHAMYON and Asterium
According to the service's documents (available in Uzbek only; translated from Uzbek):
- The wallet — TGHAMYON. Wallet help article of 8 September 2026: for residents of Uzbekistan, the service is run by TGHAMYON LLC under license CD#0006, while non-residents are served by TG Wallet Inc. (Panama).
- Exchange — Asterium. Agreement of 28 May 2025, para. 7.1: by starting an exchange, the user enters into a direct transaction with Asterium, "acting as the principal counterparty" (translated from Uzbek).
- Buying and selling for fiat — Asterium. Paragraph 7.2: the service "is provided and operated by the independent third-party provider Asterium" (translated from Uzbek); under para. 6.5, Wallet does not hold users' fiat money.
The agreement lists Asterium's numbers as CE #0005, CD #0005 and CS #0013 — according to the NAPP register, on 2 April 2026 they were reissued as CE #0006, CD #0007 and CS #0017 when the LLC was reorganized into a JSC (more in our Asterium review). Diyorbek Mukhammedov, Wallet's regional director in Uzbekistan, said of stock tokens in an interview with Spot on 11 September 2026: "When you buy a token backed by a US stock or fund, you are buying a crypto asset. And we, as a licensed crypto depository, can sell these tokens. We cannot sell ordinary shares of global companies" (translated from Russian). According to Wallet's fees help article of 23 September 2026, the fee for buying and selling assets, "including tokens backed by stocks and ETFs," is charged by Asterium (translated from Uzbek).
Wallet fees and limits in Uzbekistan
Wallet help article, updated on 23 September 2026:
| Operation | Limit | Fee |
|---|---|---|
| Purchase with a HUMO, Visa or Mastercard card (Asterium) | 10,000–600,000,000 soums | 1% |
| Sale (Asterium) | 10,000–12,000,000 soums | 1% |
| Transfer to a Telegram contact | from 0.01 USDT | 0 |
| Withdrawal to an external address | from 1 USDT | USDT (TON) — 1 USDT, USDT (TRC-20) — 3.5 USDT |
| Incoming transfers | EUR 1,000 per day, EUR 10,000 per month | — |
Above the limits, the service may request a source-of-funds check (EDD). On 16 September 2026, the @wallet_news_uz channel announced direct top-ups in soums with a 1% fee instead of the previous 1.75% for top-ups in dollars. According to Mukhammedov (Spot, 11 September 2026), withdrawal to a card is available to HUMO via USDT, "roughly 12–13 million soums per transaction"; a P2P marketplace "we don't have in Uzbekistan"; and leveraged trading "depends on permission from the regulator" (translated from Russian).
Tokenized US stocks in Wallet
Wallet announced the "US Market" section on 5–6 March 2026 (Kapital.uz on 5 March, Spot and Caravan-Info on 6 March): more than 60 tokens for stocks and ETFs, including Apple, Tesla and the S&P 500, a minimum of $1 (Kapital.uz — 1 USDT), the xStocks platform, Asterium as partner and Backed as issuer (according to Spot and Caravan-Info). According to Spot, the section "will operate in pilot mode under supervision for a month" by NAPP (translated from Russian). Trading is 24/5 according to Spot and Caravan-Info; the section's page speaks of 24/7 access and, as of 24 September 2026, still invites users into a closed pilot via a waiting list. As of 24 September 2026, the NAPP register of special legal regime participants has five entries, and TGHAMYON is not among them.
The nature of the instrument:
- wallet.tg/uz/xstocks: economic exposure to the price "without giving rise to ownership rights to the relevant underlying assets"; the tokens are available for a limited time, and their further availability is not guaranteed (translated from Uzbek);
- Kapital.uz, 5 March 2026: "such instruments do not provide direct shareholder rights" (translated from Russian);
- Mukhammedov, Spot, 11 September 2026: "by buying a token, the investor does not own the share" (translated from Russian).
Wallet's history in Uzbekistan: key dates
| Date | Event | Source |
|---|---|---|
| 28 May 2025 | date of the agreement for Uzbekistan | wallet.tg |
| 18 July 2025 | license CD #0006 issued | NAPP register |
| 21 July 2025 | announcements of the license | napp.uz, wallet.tg, Spot |
| 9 December 2025 | start of operations in Uzbekistan (wallet.tg: "The official launch took place on 9 December 2025"; Spot: "officially began operating"; Kapital.uz: "began operating" — the last two translated from Russian) | wallet.tg, Spot, Kapital.uz |
| 5–6 March 2026 | "US Market" pilot announced | Kapital.uz, Spot, Caravan-Info |
| 9 April 2026 | Mukhammedov interview | Daryo |
| 11 September 2026 | Mukhammedov interview | Spot |
| 16 September 2026 | top-ups in soums, 1% fee | @wallet_news_uz |
In the Daryo interview of 9 April 2026, Mukhammedov said: "The market operates under strict rules, but those rules are clear for both companies and users."
How to check the license of Wallet and other platforms
In the napp.uz register, search for the legal entity, not the brand (Wallet in Telegram is TGHAMYON LLC), and look at the index: CE is an exchange, CS is a store, CD is a depository. A step-by-step check is in our breakdown of the NAPP register. For what people say about Wallet on review platforms, see our Telegram Wallet reviews in Uzbekistan.
What you face for transactions outside licensed platforms
Since 1 January 2023, citizens and legal entities of Uzbekistan may buy, sell and exchange crypto assets "exclusively through national service providers in the established procedure, except in cases provided for by legislative acts" (translated from Russian; sub-paragraph (e) of paragraph 3 of PQ-3832 of 3 July 2018, as amended by PQ-143 since 20 April 2026). For the illegal acquisition, sale or exchange of crypto assets, as well as for operating as a service provider without a license, Part 1 of Article 155-4 of the Code of Administrative Liability (the Code of 22 September 1994, in force since 1 April 1995; the article was introduced by Law No. ZRU-899 of 19 January 2024, in force since 20 April 2024) provides for detention of up to 15 days or, for persons to whom detention does not apply, a fine of 20–30 BCV (8.8–13.2 million soums at a BCV of 440,000 soums), with confiscation of the crypto assets and the instruments of the offense. How to buy legally is covered in our guide, taxes in a separate piece, and the soum token pilot in "HUMO Stablecoin".
FAQ
Does Telegram Wallet have a license in Uzbekistan? Yes, TGHAMYON LLC, the operator of Wallet in Uzbekistan, holds crypto depository license CD #0006 of 18 July 2025 (NAPP register, taken on 24 September 2026). TGHAMYON holds no crypto exchange or crypto store license in the register.
Who sells cryptocurrency to residents of Uzbekistan in Telegram Wallet? Buying and selling for fiat and exchanges in Wallet for residents of Uzbekistan are carried out by a third-party provider, Asterium — as stated in the service's user agreement (paras. 7.1–7.2). ASTERIUM JSC holds exchange license CE #0006 and store license CS #0017 in the NAPP register.
What are the fees in Telegram Wallet in Uzbekistan? According to the help.uz.wallet.tg article of 23 September 2026, purchases with a HUMO, Visa or Mastercard card and sales cost 1% each. Transfers to Telegram contacts are free.
How much can I withdraw from Wallet to a card at a time? According to the Wallet help article of 23 September 2026, the maximum sale is 12,000,000 soums and the minimum is 10,000 soums. According to Mukhammedov (Spot, 11 September 2026), withdrawals go to HUMO cards via USDT, "roughly 12–13 million soums per transaction" (translated from Russian).
Are the Apple and Tesla stocks in Wallet real shares? No, they are tokens of the xStocks platform: according to the description on wallet.tg/uz/xstocks, they give no ownership rights to the underlying shares. As of 24 September 2026, the page describes the section as a closed pilot.
What do you face for buying cryptocurrency outside licensed platforms? For the illegal acquisition, sale or exchange of crypto assets under Part 1 of Article 155-4 of the Code of Administrative Liability — detention of up to 15 days or, for persons to whom detention does not apply, a fine of 20–30 BCV with confiscation of the crypto assets and the instruments of the offense. The article has been in force since 20 April 2024.
Sources
- NAPP: license register and register of special legal regime participants (taken on 24 September 2026); announcement of 21 July 2025
- lex.uz: No. 3380, PQ-3832, Code of Administrative Liability, ZRU-899
- Wallet (taken on 24 September 2026): agreement, fees, operator, stock tokens, on the license, @wallet_news_uz, 16 September 2026
- Spot.uz: 11 September 2026, 6 March 2026, 9 December 2025, 21 July 2025
- Kapital.uz: 5 March 2026, 9 December 2025; Caravan-Info, 6 March 2026; Daryo, 9 April 2026
