- The President of Uzbekistan signed decision PQ-143 creating the Beskara Mine Valley in Karakalpakstan.
- The zone builds on present crypto legal guidelines, comparable to 2018’s PQ-3832, to facilitate renewable power mining.
- Underneath the plan, residents of the realm will get pleasure from full tax exemption on mining earnings till January 1, 2035.
On April 17, 2026, President of Uzbekistan Shavkat Mirziyoyev signed Presidential Decision PQ-143 establishing the Beskara Mining Valley, a particular cryptocurrency mining zone protecting the whole Republic of Karakalpakstan. The initiative goals to create favorable situations for inexperienced power extraction, entice funding, create jobs and enhance native welfare, whereas imposing strict registration and compliance necessities.
Uzbekistan to ascertain Beskara mining valley in Karakalpakstan
On April 17, 2026, the President of Uzbekistan signed Presidential Decision PQ-143 establishing the Beskara Mining Valley in Karakalpakstan as a particular financial zone devoted to cryptocurrency mining, which can enter into drive on April 20. Solely firms registered on this space shall be residents and can have the ability to conduct mining solely at their registered handle.
In the meantime, residents can use electrical energy from the built-in energy system and every kind of renewable power sources, together with hydrogen energy crops, to energy their companies. They will promote or change mined crypto property on home or overseas platforms and should switch all proceeds to Uzbek financial institution accounts.
Moreover, the federal government established a devoted directorate below the Karakalpakstan Council of Ministers to handle residency functions and operations. Residents should adjust to sanitary requirements, technical security and fireplace security laws and set up a separate energy metering system. They pay a month-to-month payment of 1% of their mining income to the Directorate Basic.
How zones are constructed on present cryptography
Decision PQ-143 is immediately based mostly on Presidential Decision PQ-3832 of July 3, 2018, which for the primary time launched measures for the event of the digital economic system and the circulation of cryptoassets in Uzbekistan. The brand new decision amends PQ-3832 by refining the definition of mining because the efficiency of computational operations to take care of a distributed ledger and create and confirm the integrity of blocks.
Moreover, it enhances current digital asset reforms, together with a particular authorized regime that acknowledges stablecoins as authorized technique of fee from January 1, 2026 below a supervised sandbox managed by the Nationwide Perspective Venture Company and the Central Financial institution.
The zone additionally expands power guidelines to incorporate all renewables and hydrogen past earlier solar energy limits, whereas requiring grid customers to connect with an accounting system and pay double costs. These adjustments direct funding to renewable power mining whereas sustaining sturdy oversight by digital registration and obligatory reporting.
Widespread impression on Uzbekistan’s digital asset ecosystem
Beskara Mining Valley will strengthen Uzbekistan’s regulated cryptocurrency framework in Central Asia by offering long-term tax incentives together with obligatory use of renewable power and strict compliance requirements. Miners throughout the zone will obtain full tax exemption till January 1, 2035, entry to renewable and hydrogen power techniques, and permission to commerce the crypto property produced on nationwide and worldwide platforms.
Additional growth of Uzbekistan’s cryptocurrency sector might embrace improved regulation by directorates and state establishments, in addition to elevated overseas funding in renewable power infrastructure. The Bescara Mine Valley additionally has the potential to combine mine waste warmth into greenhouse and agricultural initiatives.
The transfer is due to this fact in step with Uzbekistan’s strict cryptocurrency laws that prohibit mining and buying and selling to licensed entities whereas banning P2P transactions, with the intention of attracting inexperienced power investments close to Kazakhstan’s mining hub. This zone may place Karakalpakstan as a possible mannequin for sustainable blockchain growth, offered that operators adjust to registration, reporting and security necessities.
Associated: Turkmenistan legalizes cryptocurrency mining, however bans its use for funds
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