Uzbekistan Strengthens Crypto Mining Rules as Regulatory Framework Evolves
Uzbekistan continues to formalise its cryptocurrency ecosystem, tightening oversight of mining activities while maintaining a regulated environment for digital assets, according to international compliance data and national regulators.
A country guide by blockchain analytics firm Elliptic notes that cryptocurrencies are officially recognised in Uzbekistan but are not legal tender. Since 2023, residents have been required to conduct transactions through domestic licensed providers, reflecting a state-led approach to regulation.
At the same time, the National Agency of Perspective Projects (NAPP) has introduced detailed rules governing mining operations. Under the agency’s framework, mining is not a licensed activity but requires mandatory registration, which must be completed online. Operators are also required to install separate electricity meters to track energy consumption.
NAPP acts as the main regulator for crypto assets in Uzbekistan, overseeing licensing, registration and broader digital asset policies. The agency has gradually expanded its role as the government seeks to balance innovation with tighter control over financial and energy risks tied to crypto mining.
The evolving regulatory landscape positions Uzbekistan among a growing group of countries building structured legal frameworks for virtual assets. Analysts say continued reforms, particularly around mining registration and domestic compliance requirements, could shape the country’s ambitions to become a regional digital finance hub while maintaining strict state oversight.
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