Crypto Regulations in Uzbekistan 2026

Uzbekistan expanded its crypto regulations in 2026, making it one of the most regulated digital asset markets in Central Asia. Instead of splitting responsibilities across multiple agencies, almost the entire crypto sector is supervised by a single regulator, the National Agency for Perspective Projects (NAPP). 

Established under Presidential Decree No. DP-5120 (July 24, 2017) and reporting directly to the President, NAPP introduced stablecoin rules, opened the door for tokenized securities, tightened mining regulations, created a massive tax-free mining zone covering nearly 40% of the country’s land, and revoked the license of Uzbekistan’s first crypto exchange.

What Changed in 2026?

The biggest change came on January 1, 2026, when Uzbekistan officially recognized stablecoins as legal payment instruments through a joint regulatory sandbox managed by NAPP and the Central Bank of Uzbekistan (CBU).

The same presidential fintech decree also introduced a framework allowing resident companies to issue tokenized shares and bonds, while aiming to expand Uzbekistan’s fintech industry to around 200 companies. To support this goal, the Central Bank established a $50 million venture fund.

The country’s broader crypto licensing system continues to operate under: