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ACADEMICIA: An International Multidisciplinary Research Journal
Year : 2022, Volume : 12, Issue : 4
First page : ( 651) Last page : ( 654)
Online ISSN : 2249-7137.
Article DOI : 10.5958/2249-7137.2022.00337.8

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

Rasulovich Khodjayev Anvar1, Tuymuratovich Amonov Mirzohid2

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.

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Keywords

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

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