FINANCIAL TECHNOLOGIES – CIVIL LAW APPROACH
Kalit so'zlar:
digital financial assets, cryptocurrencies, blockchain technology, civil law, legal regulation, smart contracts, property rights, cross-border transactions, decentralized finance, Markets in Crypto-Assets (MiCA), regulatory frameworks, Uzbekistan, Digital Uzbekistan 2030Annotatsiya
This study delves into the legal characterization of digital financial technologies (DFTs) as a distinct and emerging category within civil law. Encompassing assets like cryptocurrencies, tokens, and other blockchain-enabled tools, DFTs challenge conventional legal frameworks due to their decentralized nature, digital form, and programmable features. The analysis highlights key legal complexities such as ownership, enforceability of obligations, and jurisdictional challenges in cross-border contexts. A comparative overview of regulatory practices in regions like the European Union, United States, Russia, and Uzbekistan reveals significant variations in how DFTs are defined and managed. Particular emphasis is placed on Uzbekistan’s innovative regulatory approach under the "Digital Uzbekistan 2030" strategy.
