The article presents a comprehensive analysis of the legal regulation of cryptocurrencies and crypto assets in the Republic of Uzbekistan. The study covers the main regulatory legal acts governing the turnover of cryptocurrencies , the activities of crypto exchanges and mining . Particular attention is paid to the analysis of the Presidential Decree No. PP-3832 and subsequent regulations that form the legal basis for the development of the crypto market in the country. The issues of taxation of transactions with crypto assets , mechanisms for combating money laundering through cryptocurrencies , as well as the specifics of licensing and supervision of market participants are considered . Based on the study, practical recommendations were developed to improve legislation in the field of crypto assets and the prospects for the development of this sector in Uzbekistan were determined.
Keywords
cryptocurrency , blockchain , crypto assets , mining , legal regulation, digital economy, Uzbekistan, crypto exchanges , digital finance, national legislation, tokens , smart contracts, digital sum
References
1. Resolution of the President of the Republic of Uzbekistan No. PP-3832 dated 03.07.2018 “On measures to develop the digital economy in the Republic of Uzbekistan”
2. Law of the Republic of Uzbekistan “On Amendments and Additions to the Criminal, Criminal Procedure Codes of the Republic of Uzbekistan and the Code of the Republic of Uzbekistan on Administrative Liability” dated 19.01.2024 No. ZRU-899
3. Regulations on the National Agency for Prospective Projects under the President of the Republic of Uzbekistan
4. Tax Code of the Republic of Uzbekistan (new edition)
5. Law of the Republic of Uzbekistan “On combating the legalization of proceeds from criminal activity, the financing of terrorism and the financing of the proliferation of weapons of mass destruction” Law of the Republic of Uzbekistan, dated 26.08.2004 No. 660-2
6. Official data from the National Agency for Promising Projects on licensing crypto exchanges
7. Resolution of the Cabinet of Ministers of the Republic of Uzbekistan “On measures for the development of digital mining in the Republic of Uzbekistan”
8. Order of the Director of the National Agency for Promising Projects of the Republic of Uzbekistan, registered on 20.03.2024, reg. number 3507