Uzbekistan Launches “Besqala Mining Valley” to Regulate and Expand Crypto Mining

[bonk]

Uzbekistan has created a new state-supervised crypto mining zone in the Republic of Karakalpakstan under a presidential decree, establishing the “Besqala Mining Valley.” The initiative allows licensed companies to mine digital assets legally while operating under a regulated framework that channels proceeds through the national banking system.

Under the rules, miners will be permitted to sell mined crypto on domestic exchanges or foreign platforms, but all revenue must be repatriated into Uzbek bank accounts. The zone also introduces tax exemptions until 2035, alongside a monthly fee equal to 1% of mining income paid to the local governing authority.

Officials say the framework is designed to attract investment while maintaining strict financial oversight, positioning the region as a controlled hub for regulated crypto mining activity.

[kevin1]

Uzbekistan establishing a state supervised mining zone signals a controlled approach to integrating crypto mining into formal economic planning rather than allowing open market activity