Uzbekistan introduces new crypto mining regulations
The National Agency for Perspective Projects (NAPP) of Uzbekistan has issued a decree outlining updated requirements for cryptocurrency mining within the country. Uzbekistan’s regulatory body, the National Agency for Perspective Projects (NAPP), has released a decree detailing the requirements for cryptocurrency mining in the country. The document highlights several key changes and clarifications in the regulatory framework. The decree states that only legal entities will be permitted to engage in cryptocurrency mining , disallowing individual operations. This directive is consistent with previous documents issued by the local government, such as the one in April 2022 signed by President Shavkat Mirziyoyev, which highlighted the same prohibition for local residents regarding cryptocurrency transactions and mining . Regarding energy sources, the NAPP specifies that companies should predominantly use solar power for their mining operations. However, the document also menti...