Uzbekistan Legalizes Stablecoins for Payments and Tokenized Stocks in Massive 2026 Overhaul
Uzbekistan is set to integrate stablecoins into its formal payment system and permit the issuance of tokenized stocks and bonds under a tightly regulated framework starting in 2026. The MOVE positions the country as a structured hub for regulated digital-asset activity in Central Asia.
A special legal regime will take effect on January 1, 2026, introducing a regulatory sandbox managed by the National Agency for Perspective Projects and the central bank. This sandbox will allow stablecoins to be tested as a means of payment within a controlled environment, with authorities monitoring risk, market behavior, and technical implementation.
Pilot programs will explore a distributed-ledger-based payment system and develop a regulated market for tokenized equities and bonds. Licensed stock exchanges in Uzbekistan are preparing dedicated trading platforms to support these tokenized securities.
