Uzbekistan crypto mining: How will the Beshkala Mining Valley operate?

Uzbekistan has established a special crypto mining zone across Karakalpakstan, introducing tax incentives, expanded power options, and a dedicated regulatory framework to attract licensed mining companies. Summary Uzbekistan has launched the Beshkala Mining Valley as a regulated crypto mining zone across Karakalpakstan Licensed miners can use grid power, renewable energy, and hydrogen while receiving tax exemptions through 2035 Mining companies must keep crypto sale proceeds in Uzbek banks and operate under state licensing rules The project allows miners to reuse excess heat for greenhouse farming as part of the regional development plan. Under a presidential resolution that took effect on April 20, Uzbekistan has designated the entire Republic of Karakalpakstan as the Beshkala Mining Valley, creating a regulated environment for cryptocurrency mining while linking the initiative to the region’s economic development plans. The resolution allows licensed mining companies operating within the zone to use electricity from the national grid, renewable energy sources such as solar power, and hydrogen-based power generation. It also creates a legal pathway for miners to sell their digital...