Uzbekistan has inaugurated the Besqala Mining Valley in Karakalpakstan to regulate and expand its cryptocurrency mining industry. President Shavkat Mirziyoyev signed decree PQ-143 on April 17, 2026, establishing this specialized district to attract investment and formalize mining operations. The initiative aims to boost economic growth and technological innovation while ensuring energy use transparency.
The Besqala Mining Valley offers streamlined licensing for companies, requiring only a 1% revenue fee to support regional budget goals. Mining firms must integrate with the Automated System for Accounting and Control of Electricity (ASKUE) by 2026 to ensure grid stability. The project emphasizes financial integrity, barring entities with criminal records from participation. This development is expected to create high-tech jobs and enhance local infrastructure, contributing significantly to the regional economy.
Uzbekistan Launches Besqala Mining Valley to Regulate Crypto Mining
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