Cointelegraph22.04.2026Business
Uzbekistan Creates Besqala Mining Valley Crypto Zone in Karakalpakstan
Special mining zone allows approved companies to sell digital assets on foreign platforms while keeping proceeds in Uzbekistan's banking system
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- Uzbekistan has established Besqala Mining Valley, a special crypto mining zone across Karakalpakstan, under a presidential decree effective April 20.
- The framework allows registered mining companies to sell mined digital assets on foreign platforms while requiring proceeds to remain in Uzbekistan's banking system.
- The zone offers tax exemptions through January 2035 and permits mixed power sources including renewable, hydrogen and grid electricity, expanding on a 2023 rule requiring only solar power.
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Uzbekistan has established Besqala Mining Valley, a special crypto mining zone across Karakalpakstan, under a presidential decree effective April 20. The framework allows registered mining companies to sell mined digital assets on foreign platforms while requiring proceeds to remain in Uzbekistan's banking system. The zone offers tax exemptions through January 2035 and permits mixed power sources including renewable, hydrogen and grid electricity, expanding on a 2023 rule requiring only solar power.
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This article was originally published by Cointelegraph.
