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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"

(as amended on 26-01-2021)

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;

financing of expenses (compensation, transportation expenses and others) the highly qualified foreign specialists attracted within the projects realized by Fund in the field of development of digital economy on the basis of the agreements (contracts) signed with them;

other purposes connected with social and economic development of the republic based on decisions of the President of the Republic of Uzbekistan.

5. Form Council of Fund of support of development of digital economy "Digital trust" (further - Council) in structure according to appendix No. 1.

To council to develop and approve the "Road map" on development of digital economy in the Republic of Uzbekistan providing including step-by-step implementation of blokcheyn technologies in a month in case of:

monitoring of implementation of investment projects of the state and regional programs financed by centralized sources;

control of receipt and expenditure of the State Budget of the Republic of Uzbekistan, observance of payment discipline in state bodies;

rendering social services in spheres of health care, social security, education and culture, and also monitoring of distribution of the allocated budgetary funds;

the organizations of activities of state bodies, including in case of interdepartmental interaction, implementation of public procurements, rendering the state services, verification of information about the personality;

maintaining the state inventories, registers, qualifiers and other databases, including updating and use of information included in them;

corporate management in the large commercial organizations with the prevailing participation of the state in the authorized capital (authorized fund), including for enhancement of business processes, optimization of production, administrative and operational processes, and also implementation of modern management and resource management;

monitoring of transactional transactions in bank and financial sectors, including clearing transactions, electronic payments, insurance, trade financing (letter of credit) and crediting of projects.

6. Determine that:

The fund has separate balance, accounts in commercial banks of the Republic of Uzbekistan in national and foreign currency, seal with the image of the State Emblem of the Republic of Uzbekistan and the name;

selection criteria of investors, and also conditions of public-private partnership in case of projects implementation in the field of development of digital economy are determined by Council;

the procedure for forming and use of fund affirms Council;

all transactions on investment of funds of Fund are performed in coordination with the Agency;

management of the current activities of Fund is performed by the executive directorate headed by the director appointed to position and dismissed by the director of the Agency;

the procedure for study and approval of the project offers assumed to realization at the expense of means of technical assistance does not extend to the grants attracted by Fund;

control of target use of means by Fund is exercised by the Agency.

7. Resolve Fonda:

conclude with suppliers of goods (works, services) or their official dealers (distributors) delivery contracts of the equipment, equipment and the materials, spare parts, software products, components necessary for implementation of blokcheyn technologies and implementable projects, on the basis of selection of the best offers;

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