Uzbekistan Establishes Besqala Mining Valley, Exempts Taxes Until 2035 to Promote Green Cryptocurrency Mining

Odaily News Uzbekistan President Shavkat Mirziyoyev has signed a decree establishing the "Besqala Mining Valley" special cryptocurrency mining zone, aiming to develop green energy mining and attract international investment. Miners can sell crypto assets on local and overseas exchanges, with proceeds directly entering domestic bank accounts. Regarding policies, participants in the mining zone are exempt from income tax until 2035, only required to pay a 1% management fee on revenue; electricity prices are set at 1800 som per kilowatt-hour, with exceptional incentives provided for investment projects exceeding $100 million. Regarding access, only locally registered enterprises are eligible to apply, and they must possess power facilities and pass approval processes, with relevant personnel having no record of economic crimes. (Lex.uz)