Uzbekistan is set to integrate stablecoins into its formal payment system through a regulated sandbox starting in 2026. The new law allows for the issuance of tokenized shares and bonds by local entities, with a separate trading platform for these assets on licensed stock exchanges.

Uzbekistan’s National Agency for Prospective Projects raised monthly fees for crypto exchanges to $20,015 in March 2024. This move comes as Central Asia, including Kyrgyzstan, is making strides in crypto regulation. Kazakhstan has taken down 130 crypto platforms involved in money laundering schemes and launched a stablecoin pilot project.

Read more at Cointelegraph: Uzbekistan Approves Stablecoins for Payments in New Sandbox