Key Takeaways:
On April 17, 2026, the Uzbekistan President signed decree PQ-143 to launch the Besqala Mining Valley in Karakalpakstan. NAPP will streamline licensing as corporations pay a 1% income payment to help the 2035 regional funds objectives. Mining corporations should combine with the ASKUE system by 2026 to make sure clear power use and grid stability.
Streamlined Licensing and Governance
The Uzbekistan President Shavkat Mirziyoyev has signed a decree establishing a specialised crypto-mining district within the Republic of Karakalpakstan. The mission, titled “Besqala Mining Valley,” goals to formalize the mining trade whereas driving financial progress and technological innovation within the area.
The decree, PQ-143, dated April 17, 2026, outlines the framework for the creation and operation of the particular mining zone. Based on the doc, the initiative is designed to draw home and international funding into the high-tech sector, making a regulated atmosphere for large-scale cryptocurrency mining operations.
A devoted directorate will oversee the zone’s administration, performing as a one-stop store for authorized entities in search of residency. Underneath the brand new laws, corporations registered inside Besqala Mining Valley will profit from a streamlined licensing course of. For instance, as soon as the directorate grants a authorized entity resident standing, the Nationwide Company of Perspective Initiatives (NAPP) will situation a mining allow with out requiring further documentation.
As well as, residents should pay a month-to-month payment amounting to 1% of their gross income from mining actions to the directorate. The online earnings generated by the directorate from these charges can be returned to the state funds of the Republic of Karakalpakstan to help native improvement.
To make sure transparency and grid stability, mining operations have to be built-in into the Automated System for Accounting and Management of Electrical energy (ASKUE). This enables for separate, exact monitoring of the excessive power consumption typical of mining actions.
The decree locations a heavy emphasis on monetary integrity. Candidates for residency should bear rigorous vetting to make sure they don’t seem to be concerned in financial crimes, cash laundering or the financing of terrorism. Any particular person or entity with an energetic prison file or suspected hyperlinks to organized crime can be barred from the zone.
By concentrating mining actions in Karakalpakstan, the Uzbek authorities goals to leverage the area’s industrial potential whereas sustaining strict management over the nationwide power steadiness. The institution of Besqala Mining Valley is anticipated to create new high-tech jobs, enhance native infrastructure and supply a major increase to the regional funds by way of the 1% revenue-sharing mannequin.
