Uzbekistan limits BTC mining to legal entities, solar power
The new government rules only allow miners to tap the grid in special cases, forbid the mining of dark coins like Monero, and demand prompt fee payments.
Latest Uzbekistan News
Uzbekistan: 2 banks approved to transact digital currency cards
Uzbekistan has allowed Kapital and Ravnaq Bank to pilot the release of the digital asset card UzNEX, which will test the integration of automated banking system with Mastercard's payment system and more.
Blockchain adoption in Central and South Asia: Paving the way for technological progress
Despite the potential of blockchain, its adoption rate in areas like Central and South Asia has yet to reach its full potential due to scalability, regulation, awareness, and governance challenges.
Uzbekistan: 2 firms secure landmark digital asset licenses ahead of sweeping industry changes
Crypto Trade NET LLC and Crypto Market LLC become the first digital asset exchanges to receive an operating license from Uzbekistan amidst the government's plan to heighten industry monitoring.
Uzbekistan law enforcement trains to combat digital asset crime
In response to the rising cases of digital asset crime, Uzbekistan is conducting a series of training, which include blockchain analysis and how to seize digital assets from bad actors to fortify its cybersecurity.
Uzbekistan issues monthly charges for digital asset providers, warns stiff penalties for defaulting
Digital asset service providers in Uzbekistan may have their licenses revoked if they fail to settle a monthly operational fee under a new regulation imposed to prop up the government's budget.
Uzbekistan restricts access to digital asset exchanges—Binance, FTX affected
At the time of writing, Uzbekistan has licensed only one known digital asset exchange: South Korea's UZNEX.
Uzbekistan publishes guidelines for registering block reward mining businesses
The guidelines set out definitions of digital currency terms, it also spelled out requirements and conditions for obtaining a mining permit and how the NAPP reached its decision to grant it.
Uzbekistan president issues decree to restructure digital currencies regulation
The decree majorly orders that the National Agency for Project Management be restructured into a new entity that will be called the National Agency for Perspective Projects (NAPP).
Uzbekistan ‘no plans’ to overturn digital currency payments ban
The comments from Deputy Chairman Behzod Khamraev came after El Salvador adopted BTC as a legal tender, which led to significant protests and unrest in the country.
Uzbekistan triples electricity tax on crypto mining
Feeling that crypto mining is draining their energy resources, Uzbekistan is making it much more costly to operate.
Uzbekistan president signs decree legalizing crypto trading
The decree states that an organization or individual providing an electronic platform for the exchange, purchase or sale of digital assets, will be recognized as an exchange in Uzbekistan.