According to the Resolution of the President of the Republic of Uzbekistan № PR-3832, “On measures to develop the digital economy and the sphere of turnover of crypto assets in the Republic of Uzbekistan”, mining considered to be one of the activities in a field of crypto assets.

Mining is an activity of maintaining a distributed data registry, creating and confirming the integrity of blocks by performing computational operations. Mining could be carried out exclusively by a legal entity using electricity generated by a solar photovoltaic power plant.

In case of using electricity with connection to a unified electric power system, payment for consumed electricity is carried out using an increasing coefficient to the established tariff. During the peak period, surcharges to the corresponding tariffs for electricity consumption established by the Cabinet of Ministers of the Republic of Uzbekistan are applied. Electricity consumption is recorded with the installation of a separate metering device.

Mining is subject to mandatory registration by the National Agency of Perspective Projects of the Republic of Uzbekistan and does not require any licensing. Legal entities engaged in mining (miners) are required to register in accordance with the procedure established by the legislative acts of the Republic of Uzbekistan. Registration of miners is carried out exclusively in electronic form via the Internet.

Miners have the right to carry out their activities exclusively at the address specified during registration, in compliance with fire safety and sanitary norms, rules and guidelines.

Starting from January 1, 2023, physical persons and legal entities of the Republic of Uzbekistan are allowed to can carry out a purchase, sale and (or) exchange of crypto assets exclusively through national service providers in accordance with the procedure established by legislative acts of the Republic of Uzbekistan.

Licensing procedures, issuance, registration of issuance and circulation of crypto assets by residents of the Republic of Uzbekistan, amount and procedure of payment of government fees are determined by the National Agency of Perspective Projects of the Republic of Uzbekistan.

Miners using solar photovoltaic power plants have the right to tax, customs and other preferences as well as benefits in field of renewable energy sources in accordance with the procedure established by legislative acts of the Republic of Uzbekistan.

It is prohibited to carry out hidden mining as well as anonymous mining of crypto assets. All the other procedures covering licensing activity of service providers in the field of turnover of crypto assets are governed by the Regulation “on the procedure for licensing the activities of service providers in the field of turnover of crypto assets” as a part (Annex) of the Order of the Director of the National Agency of Perspective Projects of the Republic of Uzbekistan № 3380.