Uzbekistan approves the use of stablecoins for payments under new sandbox mechanism
According to a report by Jinse Finance, local news outlet Kun reported on Friday that Uzbekistan's new regulatory framework for stablecoins will take effect on January 1, 2026. The new law, signed on November 27, establishes a regulatory sandbox under the jurisdiction of the National Agency for Perspective Projects and the Central Bank. Pilot projects are expected to be implemented to develop stablecoin payment systems based on distributed ledger technology. Reportedly, 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 on licensed securities exchanges.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
$6 billion acquisition! Medical giant Bausch Health plans to take a controlling stake in Surgery Partners (SGRY.US)
Boston Consulting Group plans to acquire a controlling stake in Surgery Partners for approximately $6 billions, at $20 per share; Bain Capital will retain a 40% stake, and the deal could be announced as early as Monday.
Solana added 22 million euros worth of stablecoins in one week.
SK Hynix plans to distribute special dividends totaling about $12 billion.
$40 billion spent on GPUs! Elon Musk says SpaceX (SPCX.US) off-balance-sheet financing is settled, slams "new cloud" sector will be a bloodbath
Elon Musk stated that SpaceX has completed a $40 billions debt transaction to purchase chips in support of its artificial intelligence (AI) initiatives.
Crypto prices
More
