The National agency of perspective projects of the Republic of Uzbekistan (hereinafter - the Agency) according to the invitation of Directors Board of the International Association for Trusted Blockchain Applications (hereinafter - INATBA) has become a member of the Governmental Advisory Body (hereinafter - GAB) of this organization.

     INATBA is recognized international organization, established in 2019, aimed to promote the active development and implementation of perspective digital technologies.

     The GAB of INATBA is a platform for multilateral dialogue between government agencies, regulators, and other international organizations, including the U.S. Federal Reserve, the Japanese Ministry of Economy, Trade and Industry, and the German Federal Ministry of Economic Affairs and Climate Action. The GAB represented by 37 agencies from leading countries. Members facilitate collaboration and serve in an advisory capacity to the INATBA Board of Directors and the Executive Group.

     The Agency’s membership in the GAP promotes the expansion of international cooperation, organization of a direct dialogue with foreign countries’ regulators and private sector representatives, an exchange of best practices in legal regulation field of crypto-assets and distributed ledger technology (“blockchain”) implementation.

     It must be emphasized, the membership in the GAB might only be possible by invitation of Directors Board of INATBA, and no other ways in voluntarily joining the GAB exists.

     Therefore, receiving the status of the official member of the GAB from the Agency means the international recognition of reforms conducted in the Republic of Uzbekistan under the leadership of President Sh.M. Mirziyoyev to create conditions for formation and development of crypto-assets turnover sphere and introduction of “blockchain” technology.