Uzbekistan introduces special legal regime for stablecoins
Ринки 02.12.2025 15:28
As part of the strategy to accelerate the development of the financial technology market and stimulate the use of modern IT solutions in the field of financial and banking services, Uzbekistan has adopted a resolution “On measures for the further development of the financial technology sector in Uzbekistan”.
According to the document, the main targets for 2026-2030 include
- attracting foreign investment worth $1 billion in financial technology startups;
- increasing the number of market participants to at least 200;
- development of up to 100 startups that have completed incubation and acceleration programs;
- training of at least 5 thousand young professionals in financial technologies;
- pilot testing of digital currencies and stable tokens as a means of payment.
The Central Bank has been appointed responsible for the development of the financial technology sector and granted a number of additional powers. It will establish the following:
- a venture capital fund with an authorized capital equivalent to $50 million to finance startups;
- an innovation hub to support financial technology startups, including acceleration programs, investment attraction, and grant programs.
Starting from 2026, participants of the innovation hub will be able to receive compensation for up to 50% of the costs of training and engaging mentors, but not more than $20 thousand and $50 thousand, respectively.
The program envisages the introduction of an “open banking” system for secure data exchange between banks and fintech companies, the creation of a position of a data management director general at the Central Bank and commercial banks, and the development of a National Strategy for the Development of Financial Technologies for 2026-2030.
Particular attention is paid to expanding the use of cryptoassets: from January 1, 2026, a special legal regime for regulating the circulation of stable tokens as a means of payment is introduced, the issuance of tokenized shares and bonds is allowed, and separate platforms for their placement and circulation are created on stock exchanges.
Теги: Uzbekistan stablecoins Переглядів: 60
