ISSUES OF REGULATION AND IMPLEMENTATION OF SMART CONTRACTS IN NATIONAL LEGISLATION

Abstract

This scientific article discusses the issues of the legal status of such innovations
as smart contracts, blockchain, crypto assets and tokens. The article reveals the issues of
legal regulation of relations arising in the course of drawing up and concluding smart
contracts. Also, possible ways of their implementation in the legislation of the Republic of
Uzbekistan are considered, the main problems that exist in the legislation and law enforcement
practice in such implementation are discussed. In the course of the analysis of the legislation
of the Republic of Uzbekistan, much attention is paid to the latest reforms in the field of
digitalization of the economy and the main sectors of life, including the development of ecommerce and e-government. In the final part, possible ways to resolve the issue of
introducing smart contracts in the Republic of Uzbekistan are considered and relevant
proposals are given.