UZBEKISTAN'S PARTICIPATION IN ELECTRONIC CURRENCY RELATIONS IN THE GLOBAL MARKET AND STAGES OF DEVELOPMENT

Abstract

This article describes the participation of developed Uzbekistan in electronic currency relations in the world market, as well as the stages and order of development. It is known that the main task of strengthening the national currency in the republic is to increase the purchasing power of the soum and ensure its stability. The purpose of our work is to analyze social relations related to electronic currency in our country and their legal basis, to develop proposals for improving the electronic currency market and stages of development. The object of the work is social relations related to electronic currency and its legal regulation. The relevance of the topic, the effective use of electronic payments and electronic commerce opportunities by economic entities, including small businesses and representatives of the entrepreneurship sector, in the context of economic integration and globalization, is a factor in strengthening mutual healthy competition between them and achieving high economic results. The article presents the problem, the participation of Uzbekistan in electronic currency relations in the world market and the stages and order of development, in order to further strengthen the prestige of the Republic of Uzbekistan in the international arena, to increase the efficiency of economic integration with foreign investors, entrepreneurs and businessmen, electronic currency relations in our own country. issues of legal regulation were also touched upon and suggestions and recommendations were given to eliminate the existing shortcomings.