"The decree, PQ-143, outlines the framework for the creation and operation of the special mining zone, aiming to formalize the mining industry while driving economic growth."
"Under the new regulations, companies registered within Besqala Mining Valley will benefit from a streamlined licensing process, allowing for quicker access to mining permits."
"Residents must pay a monthly fee amounting to 1% of their gross revenue from mining activities, with profits returned to the state budget to support regional goals."
"Mining firms are required to integrate with the ASKUE system by 2026, ensuring transparent energy use and contributing to grid stability."
Uzbekistan has established the Besqala Mining Valley in Karakalpakstan to regulate its cryptocurrency mining industry. The initiative, formalized by decree PQ-143 on April 17, 2026, aims to attract both domestic and foreign investments. A dedicated directorate will oversee operations, providing a streamlined licensing process for mining firms. Companies must pay a 1% revenue fee to support regional budget goals. Additionally, mining firms are required to integrate with the ASKUE system by 2026 to ensure energy transparency and grid stability.
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