ACADEMICIA: An International Multidisciplinary Research Journal
  • Year: 2022
  • Volume: 12
  • Issue: 4

Legalization of steps to eliminate the harmful effects of cryptoma in the economy

1Lecturer at the Department of Economics, Bukhara State University, Bukhara, Uzbekistan, Email id: anvarkhodjayev@mail.ru

2Lecturer at the Department of Economics, Bukhara State University, Bukhara, Uzbekistan

Online Published on 23 May, 2022.

Abstract

In different countries, the implementation of such a digital innovation system in economic practice is carried out in accordance with the strategic goals of the country. This generation of crypto-assets is usually not backed by assets with a specific value, and their value is often very variable, limiting their practical use and turning them into a risky form of investment rather than a profitable currency. With this in mind, we believe that it is advisable for each country to develop a legal framework with a deep thought in the legalization of cryptocurrency.

Keywords

Crypto-Assets, Regulatory Sandbox, Crypto Fiat Currency, Back-Office