Uzbekistan approves stablecoins for payments under its new sandbox mechanism.

according to local news media Kun on Friday, Uzbekistan's new stablecoin regulatory framework will take effect on January 1, 2026. This new law, signed on November 27, establishes a regulatory sandbox under the jurisdiction of the National Project Office and the Central Bank.

A pilot project is expected to be implemented to develop a stablecoin payment system based on distributed ledger technology. It is reported that starting next year, entities in Uzbekistan will be allowed to issue tokenized stocks and bonds, and an independent trading platform for these new assets will be created on licensed securities exchanges.