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RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of September 2, 2018 No. PP-3927

About formation of Fund of support of development of digital economy "Digital trust"

For the purpose of consolidation of investment, financial and other resources on the most priority directions of development of digital economy, and also according to the resolution of the President of the Republic of Uzbekistan of July 3, 2018 No. PP-3832 "About measures for development of digital economy in the Republic of Uzbekistan":

1. Agree with the offer of the National agency of project management in case of the President of the Republic of Uzbekistan (further - the Agency) about formation of Fund of support of development of digital economy "Digital trust" (further - Fund) in the form of public institution.

2. Determine the main objectives of Fund:

attraction and consolidation of funds from investors for realization on the terms of public-private partnership of the projects in the field of development of digital economy including connected with implementation of blokcheyn technologies;

implementation of the most perspective and strategically important projects on development of digital economy on the terms of public-private partnership, including in the field of turnover crypto - assets and activities crypto - the exchanges and also training and other actions for training in the field of development and deployment of blokcheyn technologies;

support of initiatives (startups), especially youth, on further development of digital economy, including due to implementation of blokcheyn technologies and creation of platforms for turnover crypto - assets;

ensuring technical assistance in the organization of cooperation with the leading foreign and international organizations in the field of turnover crypto - assets and blokcheyn technologies, including in involvement of highly qualified foreign specialists.

3. Determine that sources of forming of fund are:

assignments of the Agency and its subordinated organizations in the sizes established by the director of the Agency;

grants and credits of international financial institutions and institutes;

charitable gifts of legal entities and physical persons, including foreign;

income according to the stocks (shares, shares) owned by Fund in the authorized capital (authorized fund) of legal entities;

the means arriving from projects implementation on the terms of public-private partnership;

income from placement of temporarily available funds of Fund in banks;

other income which is not prohibited by the legislation.

4. Determine that fund is used on:

financing on the terms of public-private partnership of projects in the field of development of digital economy, including on implementation of blokcheyn technologies, the organization of turnover crypto - assets and activities crypto - the exchanges;

share acquisition and share in the authorized capital (authorized funds) of legal entities, including the nonresidents of the Republic of Uzbekistan created within projects implementation in the field of development of digital economy;

purchase of goods (works, services), real estate objects, vehicles and other property necessary for projects implementation in the field of development of digital economy;

allocation of grants and credit lines for the organization of financing and support of initiatives (startups) in the field of development of digital economy;

financing of the expenses connected with the organization and participation in the training actions, conferences, seminars and other actions in the field of development of digital economy including held abroad and also allocation of grants and grants for support of gifted students and young specialists;

compensation, material stimulation of workers and material logistics of executive directorate of Fund;

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