BAKU, Azerbaijan, August 6. The Central Bank of
Azerbaijan (CBA) discussed in detail the main trends and priorities
for the development of the fintech ecosystem for the first half of
2025, Trend reports
via CBA.
Thus, Deputy Chairman of the Central Bank Vusal Khalilov held a
regular meeting with representatives of the Azerbaijan Fintech
Association. During the meeting, the main trends and priorities for
the development of the fintech ecosystem in the first half of 2025
were discussed in detail.
In addition, the participants were informed about the expansion
of the scope of application of the Instant Payment System and the
expansion of access for fintech entities to innovative solutions
through this system, as well as ensuring full compliance of the
activities of electronic money and payment organizations with
legislative requirements in the field of AML/CFT and information
security, and effective compliance risk management.
The meeting also included an exchange of views on opportunities
for improving and implementing a special regulatory regime, work
being done in the field of open banking, and the preparation of a
draft law regulating the activities of virtual assets and their
providers.
