Uzbekistan is moving to bring stablecoins into its formal payment system, starting with a tightly controlled developmental sandbox, according to local media. Uzbekistan’s new stablecoin regulatory framework will come into force on Jan. 1, 2026.
The new law, signed on Thursday, establishes a regulatory sandbox under the purview of the National Agency for Perspective Projects, together with the central bank.
Pilot projects are expected to be implemented to develop a stablecoin-based payment system operating on distributed ledger technology.
Starting next year, Uzbekistan-based entities will be allowed to issue tokenized shares and bonds, and a separate trading platform will be created on licensed stock exchanges for these assets.
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