- Stablecoins will be legal for payments in Uzbekistan from 2026.
- New rules will allow tokenized stocks and bonds.
- The move signals stronger support for crypto assets.
Uzbekistan is taking a significant leap toward crypto adoption by officially recognizing stablecoins as a legal method of payment starting January 1, 2026. This change comes as part of a broader regulatory overhaul aimed at fostering a more innovative digital economy.
The National Agency for Perspective Projects (NAPP), which oversees crypto regulations in Uzbekistan, has announced the upcoming framework that not only legalizes stablecoins but also opens the door for tokenized securities like stocks and bonds.
What the New Law Means for Crypto in Uzbekistan
The new regime will enable businesses and individuals to use Uzbekistan stablecoins for daily transactions, investments, and business operations. Stablecoins—cryptocurrencies pegged to stable assets like the U.S. dollar—offer a less volatile alternative to traditional cryptocurrencies like Bitcoin .
Additionally, the legal framework will allow the issuance and trading of tokenized financial instruments, such as digitized versions of stocks and bonds. This could modernize the country’s financial system and attract global fintech players.
By giving stablecoins legal status, Uzbekistan joins a growing list of countries that are integrating crypto into their financial systems rather than resisting it.
Why This Matters
Uzbekistan’s move is a strategic one. By supporting Uzbekistan stablecoins, the country aims to:
- Promote financial innovation
- Enhance cross-border payment systems
- Reduce reliance on cash and foreign currency
- Attract blockchain startups and investors
With a clear legal framework in place, businesses will have greater confidence to build, invest, and operate in Uzbekistan’s emerging digital asset ecosystem.
As crypto regulation continues to evolve globally, Uzbekistan’s decision could serve as a blueprint for other nations considering similar steps.
