ELECTRONIC PAYMENT SYSTEMS AND THEIR LEGAL REGULATION

The article is devoted to the analysis of electronic payment systems (EPS) and their legal regulation in modern conditions, with special emphasis on the situation in the Republic of Uzbekistan. The work examines the main aspects of the functioning of EPS, their development in the context of digitalization of the economy, as well as problems associated with legal regulation in this area. The key legislative initiatives and regulations governing the operation of electronic payments in Uzbekistan, as well as international approaches to regulating this industry, are described. The impact of innovative technologies, such as mobile payments and cryptocurrency payments, on the electronic payments market is analyzed, and existing risks associated with data security and financial crimes are identified. The article presents recommendations for improving legal regulation in order to ensure user safety and sustainable development of payment systems in the country.