Azerbaijan Launches Its First National Cryptocurrency: PortCoin
On January 15, Telman Akhundov, the founder of Mobile Payment Solutions OOO, announced the launch of Azerbaijan's first national cryptocurrency, PortCoin.
Akhundov stated, "Mobile Payment Solutions, the owner of the Portmanat brand, has presented its own cryptocurrency called PortCoin. Portmanat users can now buy and sell cryptocurrency through the online e-wallet platform. In addition, the platform allows easy conversion of funds from foreign crypto wallets to Azerbaijani manats."
He added that PortCoin (PTC) was developed as part of the adoption of modern financial technologies utilizing digital assets and blockchain technology. It complies with the BEP-20 standard and operates on the Binance Smart Chain platform.
According to Akhundov, PortCoin has been tested under a special regulatory regime supervised by the Central Bank of Azerbaijan since November 2024. Mobile Payment Solutions LLC received license No. EPT-005 from the Central Bank of Azerbaijan on July 8, 2024.
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