ISSUES OF REGULATING ELECTRONIC PAYMENTS IN THE REPUBLIC OF UZBEKISTAN

The legal analysis of the regulation of blockchain, Bitcoin, and other cryptocurrencies in the Republic of Uzbekistan, considered as one of the new payment instruments, is outlined in the article. Furthermore, the official position regarding payment systems, digitalization, and its components is presented. It is emphasized that for the most efficient use of digital technologies in various areas of society, the legislation should find a balance between public interests, economic needs, and technological capabilities