The committee’s reply, issued through its press channels and carried by Podrobno and upl.uz on 11 and 12 July, says any information exchange with banks will run strictly within the constitution, the Tax Code and the bank-secrecy law, with personal data protected, and that the committee "respects the position of the Central Bank". The regulator’s criticism targeted the draft’s central clause, under which banks would automatically flag personal cards receiving transfers from non-relatives above a monthly threshold.
That threshold now has a public value. It is set at 500 base calculation amounts a month, and with the 2026 BCA at 412,000 soums that comes to 206 million soums, roughly $17,000. The committee stresses the target is unregistered business run through personal cards, and that a transfer between individuals is not, by itself, a taxable object.
The weight of the objection is in its source. For three weeks the criticism came from economists and lawyers, Otabek Bakirov and Rasul Kusherbayev among the named voices; now it comes from the banking regulator inside the state, the institution whose cashless-payments push depends on depositor trust. There is precedent for retreat: a similar card-monitoring norm was scrapped in 2023 after the Central Bank opposed it.
Central Asia Wire wrote on 10 July that the draft executes standing presidential instructions on shrinking the informal economy, which is why a quiet shelving is harder this time: the instruction survives even if this mechanism does not. The committee says all proposals received, including the Central Bank’s, will be studied before a final decision. The outcomes to watch are three: adopted as written, softened at the threshold or the relatives definition, or shelved like its 2023 predecessor.