Uzbekistan legalized mining for legal entities
Miners do not need to obtain a special license to operate but they must be registered with the National Advanced Projects Agency
05.05.2022 - 14:55
543
1 min
0
What’s new? The government of Uzbekistan has legalized the mining of cryptocurrencies for miners registered as legal entities. Miners do not need to obtain a special license, but they must be registered with the National Agency for Perspective Projects (NAPP), according to a decree from the country’s President Shavkat Mirziyoyev.
What else does the document say? The government has laid out tax and customs benefits for miners who power their farms through the installation of solar panels. Alternatively, companies can connect to the grid on the condition that they pay double the tariff. However, they may be charged extra during peak consumption periods.
The decree also defined a crypto asset as a property right that has a value and an owner and represents a set of digital records in a distributed data ledger. The turnover of digital assets by individuals and companies will not be subject to taxation, but the use of cryptocurrencies as a means of payment remains prohibited.
What events happened before? At the end of November 2021, residents of Uzbekistan were able to trade digital currencies on the country’s licensed crypto exchanges. This became possible after the National Agency for Project Management (NAPM) under President Shavkat Mirziyoyev amended the rules for trading cryptocurrencies within the country.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$89 815
BTC
-0.94%
-
Ethereum
$3 072.55
ETH
-2.19%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.07
XRP
-6.16%
-
Dogecoin
$0.366057
DOGE
+0.53%
-
Cardano
$0.708233
ADA
-4.39%
-
Bitcoin Cash
$431.08
BCH
-7.16%
-
Polkadot
$5.41
DOT
-5.99%
-
Litecoin
$87.18
LTC
-8.46%
-
Stellar XLM
$0.199487
XLM
-6.84%