Uzbekistan launches crypto mining zone with 10-year tax break

The Uzbek government announced a designated crypto and Bitcoin mining zone that grants registered miners a 10-year tax holiday on profits to lower operating costs and attract domestic and foreign investment. Companies must register and meet regulatory requirements to qualify for the break.

Firms that obtain licences and comply with reporting and operational rules will be eligible for the tax exemption for 10 years from the start of their operations. Authorities expect licensing and registration details, including fees and technical requirements, to be published in official regulations in the coming weeks.

The policy requires miners in the zone to follow reporting rules and anti-money-laundering standards. Regulators will perform technical checks to confirm equipment meets safety and environmental standards and will require firms to register transactions as part of financial controls.

The zone is intended to concentrate mining activity in a controlled area so regulators can monitor energy consumption, financial flows and technical standards. Authorities plan to coordinate with utilities and local administrations to manage electricity supply and infrastructure needs for new facilities and to monitor the national grid as capacity grows.

Officials described the measure as part of wider efforts to formalize cryptocurrency mining and increase transparency. They said operations outside the zone will remain subject to existing tax and regulatory rules.

Background regulatory work over recent months produced clearer rules for digital assets and related businesses, including licensing regimes and channels for exchanges and payments tied to digital assets. No formal operating dates or an initial list of approved sites were provided at the announcement.