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Uzbekistan opened the doors legally for crypto miners around the world, providing tax relief for a full decade in the financial sector. No corporate tax, no estate or fees; The National Agency for Promising Projects (NAPP) puts it under the microscope as it promotes the transition to renewable energy.
President Shavkat Mirziyoyev signed the decree on April 17, 2026, which went into effect three days later, establishing the Besqala Mining Valley in the Republic of Karakalpakstan. The move continues a recent attempt, with a structural overhaul aimed at turning Uzbekistan into a center of gravity for industrial hash production.
The move comes at a time when miners are chasing financial stability and regulation. The real problem now is whether Uzbekistan’s energy infrastructure can withstand the challenge, which will determine who is ready to take the first step.
Important points:
- Tax exemption period: 10 years of total exemption from taxes, property and land taxes for residents.
- Good places: Piscala Mining Valley, Karakalpakstan – an area that needs urgent economic revival.
- Power Mix: Allowing the use of renewable energy and hydrogen, making grid electricity available at higher rates; It’s a revolutionary escape from reducing workloads to solar power alone.
- Cash flow: The workers are responsible for paying only 1% of the monthly mining revenue to the district office.
- Banking supervision: It is important to channel all sales, domestic and international, through international banking channels.
- Time: Only two months to complete the reform of the tax laws; The license is for NAPP only.
What does Piscala Valley include in crypto mining, and what are the NAPP requirements?
The National Agency for Promising Projects (NAPP) has planned for people to qualify in this area. Legal entities must obtain “domicile status” to obtain legal sources of energy and the right to sell mining products on local and international markets.
The development of energy systems combining hydrogen and various renewable sources shows the government’s desire to overcome the obstacles of 2023, in full reliance on the ability of limited solar users to grow. The 1% income tax is still the only tax paid by the government.
Requiring money to flow through local banks gives Tashkent a useful tool for managing money, balancing economic openness in the region with the government’s ability to monitor money flows and curb abuses.
The nomination of Karakalpakstan has clear dimensions of development. According to the United Nations Development Program’s 2025 report, the region is experiencing high levels of poverty and a weak industrial environment, making mining a key driver of growth. With its location on the border of Kazakhstan, the government has promised to develop the electricity grid to reach 1 gigawatt.
Officials now have two months to write the incentives into the tax bill, a deadline that threatens the integrity of the new legal system.
