Uzbekistan opens Besqala crypto mining zone with tax breaks, bank processing and relaxed power rules

The Uzbek government launched a state-supervised crypto mining zone called Besqala Mining Valley in the Republic of Karakalpakstan to attract investment and expand regulated cryptocurrency operations ^{[1] [2]}.

Companies operating in the zone receive tax breaks and special economic-zone benefits; reports indicate tax exemptions for mining operators extend through 2034 ^{[3] [4]}.

Regulations require that all cryptocurrency sale proceeds be routed through domestic banks, and authorities have relaxed a prior solar-only power sourcing requirement to allow multiple energy sources for mining operations ^{[4] [3]}.

The state-supervised framework permits registered companies to mine and sell cryptocurrency on foreign platforms under supervision, and reporting notes a presidential decree establishing the zone took effect in April 2025 ^[2].