Юрист ахборотномаси Ҷилди 8 № 6 (2025) · Саҳифаҳои 57-66

LEGAL REGIME ISSUES OF DIGITAL ASSETS AS AN OBJECT OF CIVIL LAW

ХИКМАТОВ, Немат

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Аннотатсия

The article presents a comprehensive analysis of the legal nature of digital financial assets (DFAs) within the civil law system of the Republic of Uzbekistan, as well as determines their place among traditional objects of civil law relations. It substantiates the necessity for legal regulation of digital financial assets and proposes a regulatory model based on their technological characteristics, functional diversity, and significance within the system of contractual obligations. The study examines problematic aspects of DFA circulation, the issue of legal title confirmed through a private key, and the need for normative determination of their value when concluding transactions. The author’s position, formulated in the article, substantiates the need to distinguish digital property as “sui generis” as an independent legal regime based on comparative-legal and functional approaches. It proposes the normative establishment of mechanisms for managing volatility risks, the recognition of smart contracts as legally valid instruments equivalent to the written form of a transaction, and the attribution of legal significance to cryptographic keys as proof of ownership. The main results include concrete proposals for improving the Civil Code of the Republic of Uzbekistan.

Maqola O‘zbekiston Respublikasi fuqarolik huquqi tizimida raqamli moliyaviy aktivlar (RMA)ning huquqiy tabiatini hamda ularning an’anaviy fuqarolik-huquqiy munosabatlar obyektlari orasidagi o‘rniniThe article presents a comprehensive analysis of the legal nature of digital financial assets (DFAs) within the civil law system of the Republic of Uzbekistan, as well as determines their place among traditional objects of civil law relations. It substantiates the necessity for legal regulation of digital financial assets and proposes a regulatory model based on their technological characteristics, functional diversity, and significance within the system of contractual obligations. The study examines problematic aspects of DFA circulation, the issue of legal title confirmed through a private key, and the need for normative determination of their value when concluding transactions. The author’s position, formulated in the article, substantiates the need to distinguish digital property as “sui generis” as an independent legal regime based on comparative-legal and functional approaches. It proposes the normative establishment of mechanisms for managing volatility risks, the recognition of smart contracts as legally valid instruments equivalent to the written form of a transaction, and the attribution of legal significance to cryptographic keys as proof of ownership. The main results include concrete proposals for improving the Civil Code of the Republic of Uzbekistan.Статья посвящена всестороннему анализу правовой природы цифровых финансовых активов (ЦФА) в системе гражданского права Республики Узбекистан, а также определению их места среди традиционных объектов гражданско-правовых отношений. В статье обосновывается необходимость и предлагается модель правового регулирования цифровых финансовых активов, исходя из их технологических характеристик, функционального разнообразия и значения в системе договорных обязательств. Анализируются проблемные аспекты оборотоспособности ЦФА, вопросы их правового титула, основанного на контроле приватного ключа, а также необходимость нормативного определения их стоимости при заключении сделок. Сформулированная в статье авторская позиция обосновывает необходимость выделения «цифровой собственности «sui generis» в качестве самостоятельного правового режима на основе сравнительно-правового и функционального подходов. Предложено нормативное закрепление механизмов управления рисками волатильности, признание юридической силы смарт-контрактов, эквивалентной письменной форме сделки, а также определение правового значения криптографических ключей как инструмента подтверждения собственности. Основные результаты включают разработку конкретных предложений по совершенствованию Гражданского кодекса Республики Узбекистан.

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Иқтибос гирифтан

APA 7
ХИКМАТОВ, Немат (2025). LEGAL REGIME ISSUES OF DIGITAL ASSETS AS AN OBJECT OF CIVIL LAW. Юрист ахборотномаси, 8(6), 57-66.
GOST R 7.0.5
ХИКМАТОВ, Немат LEGAL REGIME ISSUES OF DIGITAL ASSETS AS AN OBJECT OF CIVIL LAW // Юрист ахборотномаси. 2025. Т. 8. № 6. С. 57-66.
BibTeX
@article{немат2025,
  author  = {ХИКМАТОВ, Немат},
  title   = {LEGAL REGIME ISSUES OF DIGITAL ASSETS AS AN OBJECT OF CIVIL LAW},
  journal = {Юрист ахборотномаси},
  year    = {2025},
  volume  = {8},
  number  = {6},
  pages   = {57-66}
}
RIS
TY  - JOUR
AU  - ХИКМАТОВ, Немат
TI  - LEGAL REGIME ISSUES OF DIGITAL ASSETS AS AN OBJECT OF CIVIL LAW
JO  - Юрист ахборотномаси
PY  - 2025
VL  - 8
IS  - 6
SP  - 57
EP  - 66
ER  -