Uzbekistan Launches Tax-Exempt Crypto Mining Zone in Karakalpakstan

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2026-04-22 19:07:01

BTCCSquare news:

Uzbekistan has established a regulated cryptocurrency mining zone in Karakalpakstan through a presidential decree, offering significant tax incentives until 2035. The framework, effective since April 20, requires licensed entities to repatriate all mining revenues through domestic banks while permitting international sales of mined assets.

Mining operators can trade digital assets locally or abroad, including direct sales contracts and conversions to other cryptocurrencies—provided proceeds flow back to Uzbek bank accounts. The policy aims to formalize capital flows and align with broader financial oversight goals. Resident status for mining firms requires approval from the Council of Ministers' directorate.

By:

Log in to Reply

BitMEX Co-Founder Arthur Hayes Urges Veto of CLARITY Act as Legislative Deadline Looms

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.