EXPERIENCE OF TOKEN REGULATION AND UNDERSTANDING IN FOREIGN COUNTRIES: LESSONS FOR UZBEKISTAN

Аннотация

The rapid development of blockchain technology in the world has shown that its application in all aspects of life is effective in solving many problems. Although there is no new approach to regulating the status of products (cryptocurrency, tokens) created using this technology and their use in foreign countries. This article analyzes the legal status of product tokens created on the basis of blockchain technologies, and issues of property rights. Based on the international experience and the legislation of developed countries, the author conducted analyzes aimed at determining the legal status of tokens in the legislation of Uzbekistan, and put forward proposals aimed at improving the national legislation. KEYWORDS Blockchain, virtual property, virtual currency, cryptocurrency, tokens, smart contract, stablecoin.