Gate News message, April 22 — Uzbekistan’s President Shavkat Mirziyoyev signed a decree establishing the “Besqala Mining Valley,” a special economic zone dedicated to cryptocurrency mining powered by green energy. The initiative aims to attract international investment while promoting environmentally sustainable mining operations.
Miners in the zone will enjoy significant tax incentives: income tax exemption until 2035 with only a 1% administrative fee on revenue. Electricity is priced at 1,800 Som per kilowatt-hour, with special exceptions offered for projects exceeding $100 million in investment. Miners can sell crypto assets on both domestic and international exchanges, with proceeds deposited directly into local bank accounts.
Participation is restricted to locally registered enterprises with existing electrical infrastructure and regulatory approval. Company leadership must have no record of economic crimes. The framework positions Uzbekistan as a competitive destination for large-scale, compliant cryptocurrency mining operations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
