Gate News message, April 22 — Uzbekistan established a state-backed cryptocurrency mining zone called “Besqala Mining Valley” in Karakalpakstan on April 20, following a presidential decree signed on April 17. The zone offers participating mining enterprises tax exemptions until January 1, 2035.
Approved miners can sell their mined digital assets on domestic cryptocurrency exchanges, international platforms, or through direct contracts; however, all revenue must be deposited into bank accounts within Uzbekistan. In addition to tax exemptions, miners are required to pay a monthly fee equal to 1% of mining revenue to the zone’s management authority.
The new policy permits mining operations using renewable energy sources, hydrogen power, and grid electricity.
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