Uzbekistan is launching a special area in Karakalpakstan called “Besqala Mining Valley” where crypto mining is officially regulated and allowed under government rules, with income from mining operations exempt from taxes until January 1, 2035, according to a new decree signed by President Shavkat Mirziyoyev.

The initiative aims to attract investment, expand renewable energy use, and boost employment through regulated mining activities.

Mining is restricted to registered legal entities and is mainly intended to use renewable energy sources such as solar power, with additional provisions allowing the use of other controlled energy systems.

Licensing and supervision will be handled by a state-backed administrative,…