Uzbekistan Crypto Turnover Surpasses $2 Bn in 2025
The official turnover of crypto assets in Uzbekistan at the end of 2025 amounted to more than $2 bn. This was reported on March 18 by the First Deputy Director of the National Agency for Advanced Projects (NAPP) Vyacheslav Pak during a press conference, in response to a question from Kursiv Uzbekistan. For comparison, in 2023 this figure was at the level of $1 bn, indicating a twofold growth of the legal market.
«By the end of 2025, officially it [crypto asset turnover] is more than $2 bn,» he said.
Control over the «grey zone»
The regulator’s representative emphasized that the active growth of the market is accompanied by enhanced control measures. Over the past year, NAPP blocked more than 3,000 resources. This list included illegal crypto platforms, marketplaces, gambling sites, and online casinos.
«We monitor the situation daily. Over the past year, several large foreign platforms were fined. They admitted the violations and paid the fines,» the Agency noted, adding that information on detected financial pyramids and platforms is promptly sent to law enforcement agencies.
Market in numbers: NAPP data
In Uzbekistan, transactions with crypto assets can only be conducted on platforms licensed by the regulator.
As of early 2026, a whole ecosystem of professional market participants has been formed in Uzbekistan.
- Infrastructure: The country officially has 21 service providers, of which 3 are crypto exchanges, 12 are crypto stores, and 6 are crypto depositories.
- Users: The total number of crypto sphere clients has reached 663,691. The vast majority, 661,850, are residents of Uzbekistan. The number of non-residents is 1,841.
- Token issuance: Two issuers have been registered, who issued more than 21 mln tokens. Almost 17 mln of them are secured.
Budget revenues
The development of the legal sector has also affected state revenues. For the period 2022–2025, budget revenues amounted to:
- 28.02 bn soums ($2.3 mln) — monthly fees from providers’ activities;
- 79.05 bn soums ($6.5 mln) — state duties.
The Agency emphasizes that work to identify illegal players continues in real time, with the regulator focusing on protecting citizens from fraudulent schemes in the digital environment.
