[Uzbekistan Approves Stablecoin for Payments Under New Sandbox Mechanism] According to local news media Kun, Uzbekistan's new stablecoin regulatory framework will come into effect on January 1, 2026. This new law, signed on November 27, establishes a Regulatory Sandbox under the jurisdiction of the National Prospects Project Agency and the Central Bank.
It is expected that a pilot project will be implemented to develop a stablecoin payment system based on distributed ledger technology. According to reports, starting next year, entities in Uzbekistan will be allowed to issue tokenized stocks and bonds, and an independent trading platform for these new assets will be created at licensed stock exchanges.
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Uzbekistan has approved stablecoins for payments under the new sandbox mechanism.
[Uzbekistan Approves Stablecoin for Payments Under New Sandbox Mechanism] According to local news media Kun, Uzbekistan's new stablecoin regulatory framework will come into effect on January 1, 2026. This new law, signed on November 27, establishes a Regulatory Sandbox under the jurisdiction of the National Prospects Project Agency and the Central Bank. It is expected that a pilot project will be implemented to develop a stablecoin payment system based on distributed ledger technology. According to reports, starting next year, entities in Uzbekistan will be allowed to issue tokenized stocks and bonds, and an independent trading platform for these new assets will be created at licensed stock exchanges.