LEGAL REGULATION OF BLOCKCHAIN TECHNOLOGY IN UZBEKISTAN: CHALLENGES, GAPS, AND PROSPECTS FOR IMPROVEMENT
DOI:
https://doi.org/10.61796/ejcblt.v2i1.1228Keywords:
Blockchain regulation , Smart contracts , Privacy law, Decentralised technology, Digital governance, Uzbekistan, Legal challenges, Cross-border regulations, Data securityAbstract
Objective: To investigate the legal regulation of blockchain technology in Uzbekistan, identify key regulatory gaps and challenges, and propose policy recommendations for a cohesive national blockchain strategy aligned with international best practices. Method: This study employs a qualitative research approach, integrating in-depth interviews, case studies, and document analysis. It examines the legal implications of blockchain adoption, focusing specifically on issues related to privacy, intellectual property protection, and cross-border regulatory complexities. Results: The findings indicate that Uzbekistan currently lacks a comprehensive legal framework for blockchain regulation. This regulatory deficiency hampers the technology's integration into critical sectors such as finance, public administration, and land registration, thereby impeding innovation and ethical implementation. Novelty: This research contributes to the emerging discourse on blockchain governance by providing a detailed analysis of the unique challenges faced by Uzbekistan. It offers novel policy recommendations aimed at enhancing legal clarity and fostering an environment conducive to the effective and compliant use of blockchain technology.
References
S. Esfandiari, “The effect of blockchain technology on supply chain management: its potential to prevent fraud and reduce risks to food safety and its effects on the relationships between supply chain actors in the Mexican food processing industry,” in 2022 IEEE Technology and Engineering Management Conference (TEMSCON EUROPE), IEEE, Apr. 2022, pp. 179–183. doi: 10.1109/temsconeurope54743.2022.9801908.
M. Lovett, “Disruptive blockworks,” in Blockchain and Web 3.0, Routledge, 2019, pp. 130–143. doi: 10.4324/9780429029530-9.
A. J. Sulkowski, “Blockchain, Law, and Business Supply Chains: The Need for Governance and Legal Frameworks to Achieve Sustainability,” SSRN Electronic Journal, 2018, doi: 10.2139/ssrn.3205452.
J. K. Nembe, J. O. Atadoga, B. O. Adelakun, O. Odeyemi, and B. B. Oguejiofor, “LEGAL IMPLICATIONS OF BLOCKCHAIN TECHNOLOGY FOR TAX COMPLIANCE AND FINANCIAL REGULATION,” Finance & Accounting Research Journal, vol. 6, no. 2, pp. 262–270, Feb. 2024, doi: 10.51594/farj.v6i2.824.
O. Celador Angón, “General Data Protection Regulation, Right to Be Forgotten, Blockchain Technology and Human Rights,” The Age of Human Rights Journal, no. 23, p. e8702, Sep. 2024, doi: 10.17561/tahrj.v23.8702.
G. Rühl, “Smart (Legal) Contracts, or: Which (Contract) Law for Smart Contracts?,” in Blockchain, Law and Governance, Springer International Publishing, 2020, pp. 159–180. doi: 10.1007/978-3-030-52722-8_11.
S. Sachdeva, L. Fatehaj, S. Tan, J. James, O. Ajayi, and T. Saadawi, “A Blockchain based Framework for Secure and Decentralized Energy Trading in a Community,” in 2023 IEEE International Conference on Industrial Technology (ICIT), IEEE, Apr. 2023, pp. 1–8. doi: 10.1109/icit58465.2023.10143101.
O. J. Mbanugo and O. V. Unanah, “Digital Transformation in Healthcare Delivery: Exploring How Blockchain Technology Can Be Used to Improve Transparency and Efficiency in Care Delivery,” International Journal of Research Publication and Reviews, vol. 6, no. 2, pp. 391–408, Feb. 2025, doi: 10.55248/gengpi.6.0225.0717.
W. Bonono Chipeta and A. Adaviriku Malik, “Balancing User Privacy and Legal Demands while Conducting Businesses on the Blockchain,” Westcliff International Journal of Applied Research, vol. 8, no. 1, pp. 5–19, Jan. 2024, doi: 10.47670/wuwijar202481wbcaam.
B. Musaev, “CONCEPT OF LEGAL REGULATION OF VIRTUAL LABOR MIGRATION AND PROSPECTS OF ITS IMPLEMENTATION IN UZBEKISTAN,” Jurisprudence, vol. 2, no. 6, pp. 33–45, Dec. 2022, doi: 10.51788/tsul.jurisprudence.2.6./thzx8508.
A. Raymond, “Information and the Regulatory Landscape: A Growing Need to Reconsider Existing Legal Frameworks,” SSRN Electronic Journal, 2018, doi: 10.2139/ssrn.3349737.
G. Orazalieva, “LEGAL FRAMEWORK FOR ENSURING GENDER EQUALITY IN UZBEKISTAN,” Oriental Journal of History, Politics and Law, vol. 04, no. 05, pp. 173–179, May 2024, doi: 10.37547/supsci-ojhpl-04-05-20.
M. Sifaudin and N. Ayiyah, “The Future of Digital Finance: The Impact of Cryptocurrency and Blockchain on Digital Securities in Indonesia and Gen Z’s Adoption Potential,” Journal of Business Management and Islamic Banking, pp. 71–100, Dec. 2024, doi: 10.14421/jbmib.v3i1.2345.
R. Hauck, “Blockchain, Smart Contracts and Intellectual Property. Using distributed ledger technology to protect, license and enforce intellectual property rights,” Legal Issues in the Digital Age, vol. 1, no. 1, pp. 17–41, May 2021, doi: 10.17323/2713-2749.2021.1.17.41.
P. Blandino, “Blockchain, Legal Interpretation, and Contextuality as Tools to Establish Privacy and Fundamental Rights Protection Amid Geopolitical and Legal Uncertainty,” Law and Humanities Quarterly Reviews, vol. 6, no. 4, Dec. 2023, doi: 10.31014/aior.1996.02.04.95.
W. Al-Saqaf and M. P. Edwardsson, “Could blockchain save journalism? An explorative study of blockchain’s potential to make journalism a more sustainable business,” in Blockchain and Web 3.0, Routledge, 2019, pp. 97–113. doi: 10.4324/9780429029530-7.
L. Judijanto, “Implementation of Blockchain Technology in Improving Transparency of Public Services: A Case Study on Government Service Delivery in Indonesia,” West Science Information System and Technology, vol. 1, no. 02, pp. 63–71, Dec. 2023, doi: 10.58812/wsist.v1i02.477.
F. S. Della Corte, “The EU Vaccines Strategy: A Missed Opportunity for EU Public Health?,” European Journal of Risk Regulation, vol. 15, no. 2, pp. 333–345, Jan. 2023, doi: 10.1017/err.2022.44.
Downloads
Published
How to Cite
Issue
Section
Categories
License
Copyright (c) 2025 S.B. Boboqulov, Saidmuratov Shehrozbek Sayfiddinovich
This work is licensed under a Creative Commons Attribution 4.0 International License.
