ORDER OF THE DIRECTOR OF THE NATIONAL AGENCY OF PERSPECTIVE PROJECTS OF THE REPUBLIC OF UZBEKISTAN

of July 18, 2022 No. 33

About approval of Rules of implementation of the biddings crypto - assets on crypto - the exchange

According to the resolution of the President of the Republic of Uzbekistan of July 27, 2017 "About the organization of activities of the National agency of perspective projects of the Republic of Uzbekistan" I order to No. PP-3150:

1. Approve Rules of implementation of the biddings crypto - assets on crypto - the exchange according to appendix.

2. This order becomes effective from the date of its official publication.

Appendix

to the Order of the Director of the National agency of perspective projects of the Republic of Uzbekistan of July 18, 2022 No. 33

Rules of implementation of the biddings crypto - assets on crypto - the exchange

These rules determine rules of the organization and implementation of the biddings crypto - assets on crypto - the exchange.

Chapter 1. General provisions

1. In these rules the following concepts are used:

clients - physical persons and legal entities, including the foreign physical persons and legal entities concluding with crypto - the exchange of the agreement on implementation on crypto - the exchange of transactions with crypto - assets;

clearing - complex of the transactions directed to determination, refining and offsetting of cross liabilities of clients crypto - the exchanges, and also settlement between them;

the quoted sheet - the list crypto - the assets corresponding certain crypto - the exchange to criteria, admitted by it to trading crypto - assets;

clearing house (further - RCP) - structural division crypto - the exchanges, the providing carrying out clearing, calculations and settlement on crypto - to stock exchange transactions through electronic system of clearing;

the secondary account of RCP - secondary on-demand deposit accounts crypto - the exchanges opened in servicing crypto - the exchange bank, for storage of means of buyers and sellers and carrying out payment under transactions;

individual number of the user (further - INP) - the unique code assigned for the participant of clearing;

the virtual account - the special account opened in RCP crypto - the exchange for carrying out transactions on clearing;

site on the direct biddings - the electronic platform operating as a part of electronic platform crypto - the exchange, intended for implementation of transactions on purchase and sale crypto - assets;

site on the biddings by not interchangeable tokens - the electronic platform operating as a part of electronic platform crypto - the exchange, intended for implementation of transactions on release and issuance of not interchangeable token;

the token - type crypto - asset, being accounting unit in the distributed register of data, serving for the certificate of the obligation or the property right to certain asset, control of which is exercised on the basis of the smart contract;

the smart contract - the agreement electronically, execution of the rights and on which obligations it is performed by making in automatic procedure for digital transactions;

secure token - the token provided with any material or other property;

not interchangeable token - separate type crypto - asset, the owner's right to the unique content which is not provided with material and (or) other property, certifying (the text, audiovisual, musical, photographic works, and also works of the fine arts and others) in digital form;

stable token - type of secure token which cost is equated to nominal value of foreign currency;

release of token - the organizational and technical actions directed to emergence of token;

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