Deputy Director of NAPU takes part in the 9th St. Petersburg International Legal Forum
Tashkent, Uzbekistan (UzDaily.com) -- The 9th St. Petersburg International Legal Forum (SPIUF), which focuses on trends in the development of law in various areas of social and economic development, is taking place in St. Petersburg on 14-18 May.
Russian Prime Minister Dmitry Medvedev, UN High Commissioner for Human Rights M. Bachelet, Deputy Prime Minister of the Russian Federation K. Chuichenko, Minister of Justice of the Russian Federation D. Novak, Vice President of Microsoft Corporation S. Crown, Justice Minister Republic of Uzbekistan R. Davletov and others are attending the event.
On 17 May 2019, a thematic discussion session “Tokenization of business assets: myth or new reality?” was held within the framework of the forum, which discussed the search for an effective balance between the interests of business and the state in developing the regulatory environment for business tokenization, taking into account best practices.
One of the speakers at the session was the Deputy Director of the National Agency for Project Management under the President of the Republic of Uzbekistan (NAPU) Vyacheslav Pak.
In his speech, he outlined the role and tasks of NAPU in the implementation and development of the digital economy and e-government.
He acquainted the forum participants with the achievements of the Republic of Uzbekistan in the field of information and communication technologies, measures of state support provided for the IT sector.
Along with this, the forum participants are also acquainted with current and future projects being implemented in the Republic of Uzbekistan on digitization of economic sectors. In particular, the work on the development of the National Strategy "Digital Uzbekistan - 2030" was noted.
The need to form a favorable legal and regulatory framework for the development of the digital economy, including those regulating the issues of crypto assets and distributed registry technologies (“blockchain”) in conjunction with the fundamental principles of law, was particularly underlined.
In his speech, V. Pak also stressed that the lack of established practices and international experience in regulating the circulation of crypto assets, including generally accepted international standards, to a certain extent is a factor hindering the development of the digital economy.
In this regard, holding events like the St. Petersburg International Legal Forum and the Tashkent Legal Forum serves as an excellent platform for exchanging expert opinions and developing effective solutions to improve the legal regulation of the introduction and development of new technologies in the digital economy.
It is important to note that the session participants highly appreciated the achievements of the Republic of Uzbekistan in the development of legal regulation of the digital economy in the last year. In particular, this was noted by representatives of the United States, Germany and Russia.