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Uzbekistan establishes Besqala Mine Valley, tax-free promotion of green cryptocurrency mining before 2035
Odaily Planet Daily News: Uzbek President Shavkat Mirziyoyev has signed an order to establish the “Besqala Mining Valley” cryptocurrency mining zone, aimed at developing green energy mining and attracting international investment. Miners can sell their crypto assets on local and overseas exchanges, with profits directly deposited into their domestic bank accounts. Regarding policies, zone participants will be exempt from income tax until 2035, and only need to pay a 1% management fee on their income; electricity prices are set at 1,800 som per kilowatt-hour, with special discounts for projects exceeding 100 million USD in investment. For access, only companies registered locally are eligible to apply, and they must have power facilities and pass approval; relevant personnel must have no criminal record related to economic crimes. (Lex.uz)