Uzbekistan President Signs Decree Establishing Specialized Crypto-Mining Hub

Key Takeaways:

• On April 17, 2026, the Uzbekistan President signed decree PQ-143 to motorboat the Besqala Mining Valley successful Karakalpakstan.
• NAPP volition streamline licensing arsenic companies wage a 1% gross interest to enactment the 2035 determination fund goals.
• Mining firms indispensable integrate with the ASKUE strategy by 2026 to guarantee transparent vigor usage and grid stability.

Streamlined Licensing and Governance

The Uzbekistan President Shavkat Mirziyoyev has signed a decree establishing a specialized crypto-mining territory successful the Republic of Karakalpakstan. The project, titled “Besqala Mining Valley,” aims to formalize the mining manufacture portion driving economical maturation and technological innovation successful the region.

The decree, PQ-143, dated April 17, 2026, outlines the model for the instauration and cognition of the peculiar mining zone. According to the document, the inaugural is designed to pull home and overseas concern into the high-tech sector, creating a regulated situation for large-scale cryptocurrency mining operations.

A dedicated directorate volition oversee the zone’s administration, acting arsenic a one-stop store for ineligible entities seeking residency. Under the caller regulations, companies registered wrong Besqala Mining Valley volition payment from a streamlined licensing process. For example, erstwhile the directorate grants a ineligible entity nonmigratory status, the National Agency of Perspective Projects (NAPP) volition contented a mining licence without requiring further documentation.

In addition, residents indispensable wage a monthly interest amounting to 1% of their gross revenue from mining activities to the directorate. The nett profits generated by the directorate from these fees volition beryllium returned to the authorities fund of the Republic of Karakalpakstan to enactment section development.

To guarantee transparency and grid stability, mining operations indispensable beryllium integrated into the Automated System for Accounting and Control of Electricity (ASKUE). This allows for separate, precise monitoring of the high vigor consumption emblematic of mining activities.

The decree places a dense accent connected fiscal integrity. Applicants for residency indispensable acquisition rigorous vetting to guarantee they are not progressive successful economical crimes, wealth laundering oregon the financing of terrorism. Any idiosyncratic oregon entity with an progressive transgression grounds oregon suspected links to organized transgression volition beryllium barred from the zone.

By concentrating mining activities successful Karakalpakstan, the Uzbek authorities aims to leverage the region’s concern imaginable portion maintaining strict power implicit the nationalist vigor balance. The constitution of Besqala Mining Valley is expected to make caller high-tech jobs, amended section infrastructure and supply a important boost to the determination fund done the 1% revenue-sharing model.