TechFlow News, April 22: According to bits.media, Uzbekistan’s President Shavkat Mirziyoyev signed a decree establishing the Besqala Mining Valley Special Economic Zone in the Republic of Karakalpakstan. Miners operating within the zone will benefit from tax incentives, valid until January 1, 2035. The zone will be connected to a unified power grid powered by renewable energy and hydrogen-based electricity generation. Cryptographic assets mined within the zone may be sold or exchanged via licensed Uzbek exchanges or overseas platforms. Mining licenses will be issued by the State Agency for Perspective Projects.
Currently, Uzbek law mandates that cryptocurrency transactions be conducted exclusively through state-licensed service providers; peer-to-peer (P2P) trading is explicitly prohibited by law. Digital assets may not be used for payment or settlement purposes, and only legal entities are permitted to engage in mining activities. Uzbekistan introduced its mining licensing regime in 2023, with the first license officially issued at the end of February 2026.
