Uzbekistan establishes Besqala Mining Valley, aiming to promote green cryptocurrency mining with tax exemptions until 2035.

According to Odaily Planet Daily, Uzbek President Shavkat Mirziyoyev signed a decree establishing the "Besqala Mining Valley" cryptocurrency mining zone, aiming to develop green energy mining and attract international investment. Miners can sell crypto assets on local and overseas exchanges, with proceeds going directly to Uzbek bank accounts. In terms of policy, participants in the mining zone will be exempt from income tax until 2035, only needing to pay a 1% management fee on their income; the electricity price is set at 1800 soms per kilowatt-hour, with exceptions for investment projects exceeding $100 million. Regarding entry requirements, only locally registered companies can apply, and they must possess electricity facilities and pass approval; relevant personnel must not have a record of economic crimes. (Lex.uz)