Uzbekistan has unveiled a comprehensive regulatory framework set for implementation in 2026, establishing a controlled testing environment for stablecoin-based payment systems and tokenized financial instruments. The initiative will enable the evaluation of digital currency payments while supporting the development of tokenized stocks and bonds within a regulated ecosystem.
All cryptocurrency operations will be restricted to licensed domestic platforms operating under strict compliance requirements. These platforms must implement robust Know Your Customer (KYC) protocols, maintain comprehensive data retention systems, and adhere to regulated cryptocurrency mining standards. The move represents a significant step in Uzbekistan’s digital asset strategy, aligning with evolving global standards for stablecoin regulation while maintaining national oversight.
The 2026 sandbox approach allows authorities to monitor and assess the practical implications of digital asset integration within the country’s financial infrastructure. This measured implementation strategy demonstrates Uzbekistan’s commitment to fostering innovation while ensuring regulatory compliance and consumer protection. The framework positions Uzbekistan as an emerging leader in Central Asian digital finance, potentially setting regional precedents for cryptocurrency adoption and regulation.
