Uzbekistan plans to integrate stablecoins into its payment system and allow tokenized stocks and bonds by 2026, creating a structured environment for digital assets. A regulatory sandbox managed by the National Agency for Perspective Projects will test stablecoins and explore distributed-ledger payment systems. Legal entities can issue tokenized securities starting January 1, 2026.

The move follows strict oversight discussions on stablecoins’ impact on monetary policy. Uzbekistan’s regulatory framework requires all crypto transactions through licensed providers, with stablecoins now permitted for payments. Mining is legal but regulated, with companies mandated to use solar power. The country ranked 33rd globally in crypto adoption in 2024.

Globally, jurisdictions are formalizing oversight for stablecoins in 2025. The EU implemented MiCA rules, the US advanced federal legislation through the GENIUS Act, and regions like Hong Kong and the UAE launched licensing systems for stablecoin issuers. Canada, South Africa, Kenya, and Brazil also proposed frameworks for stablecoin usage.

Blockchain-based payments are scaling, with on-chain settlement volume surpassing traditional card networks. The Blockchain Payments Consortium was formed by several industry players to standardize digital asset movement across networks. Uzbekistan’s move to legalize stablecoins and tokenized stocks is part of a broader global trend towards regulating digital assets.

Read more at Yahoo Finance: Uzbekistan Legalizes Stablecoins for Payments and Tokenized Stocks in Massive 2026 Overhaul