Legal Regulation of Blockchain Technology in Uzbekistan: Challenges, Gaps, and Prospects for Improvement

Abstract

Blockchain technology has emerged as a disruptive force in various sectors, offering transparency, security, and decentralization. However, its legal regulation remains a significant challenge, particularly in countries like Uzbekistan, where regulatory frameworks are still in development. This study explores the current state of blockchain regulations, highlighting key gaps, legal challenges, and potential improvements. Using a qualitative research approach, including in-depth interviews, case studies, and document analysis, the study examines the legal implications of blockchain adoption, focusing on privacy concerns, intellectual property protection, and cross-border regulatory complexities. Findings indicate that Uzbekistan lacks a cohesive legal framework to regulate blockchain, hindering its integration into critical sectors such as finance, public administration, and land registration. The research suggests that a national blockchain strategy aligned with international best practices is necessary to foster innovation while ensuring legal compliance. The study contributes to the growing discourse on blockchain regulation by proposing policy recommendations aimed at enhancing legal clarity and supporting blockchain’s ethical and effective implementation.