As Iminov noted, the lack of legal regulation creates gaps, leading to some financial operations moving into the shadow economy.
He emphasized the importance of introducing temporary regulation that would allow for testing safe forms of interaction with new financial instruments.
“The National Bank, the Ministry of Economy and Trade, as well as the secretariat have prepared a draft presidential decree on the introduction of a temporary regulatory regime. This draft is currently under discussion. The pilot regime will provide an opportunity to test the operation of banks with virtual asset wallets, as well as buy-sell transactions and operations using stablecoins in a controlled environment,” he added.
In Farhat Iminov's opinion, this will allow for the development of reliable regulatory mechanisms and create suitable conditions for the implementation of new financial technologies in the banking sector.
