IMPROVING DIGITAL MONEY TRANSACTION IN COMMERCIAL BANKS
Keywords:
Keywords: Central bank, digital asset, cryptocurrency, virtual currency, blockchain, mining, distributed ledger, economic, legal, value, information resource.Abstract
Abstract: Today, digital technologies are rapidly penetrating all sectors of our economy. The development of e-commerce, the formation and strengthening of the competitive environment between various payment service providers, the reduction of transaction costs for retail payments, as well as innovative and attractive means of payment that do not require the mediation of financial institutions in making payments required its introduction. Adoption of the Law of the Republic of Uzbekistan "On Payments and Payment Systems" created the legal basis for electronic money circulation, including the issuance, use and compensation of electronic money. On the basis of this law, "Rules for issuance and circulation of electronic money in the territory of the Republic of Uzbekistan" were developed and registered with the Ministry of Justice under the number 3231 on April 29, 2020.
References
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