Uzbekistan President Signs Decree Establishing Specialized Crypto-Mining Hub
The Uzbekistan President Shavkat Mirziyoyev has signed a decree establishing a specialized crypto-mining district in the Republic of Karakalpakstan. The project, titled “Besqala Mining Valley,” aims to formalize the mining industry while driving economic growth and technological innovation in the region.
The decree, PQ-143, outlines the framework for the creation and operation of the special mining zone. According to the document, the initiative is designed to attract domestic and foreign investment into the high-tech sector, creating a regulated environment for large-scale #cryptocurrency mining operations.
A dedicated directorate will oversee the zone’s administration, acting as a one-stop shop for legal entities seeking residency. Under the new regulations, companies registered within Besqala Mining Valley will benefit from a streamlined licensing process.
For example, once the directorate grants a legal entity resident status, the National Agency of Perspective Projects (NAPP) will issue a mining permit without requiring additional documentation
In addition, residents must pay a monthly fee amounting to 1% of their gross revenue from mining activities to the directorate. The net profits generated by the directorate from these fees will be returned to the state budget of the Republic of Karakalpakstan to support local development.
To ensure transparency and grid stability, mining operations must be integrated into the Automated System for Accounting and Control of Electricity (ASKUE).
This allows for separate, precise monitoring of the high energy consumption typical of mining activities.