Uzbekistan Crypto-Mining Hub ‘Besqala’ Launches With 1% Revenue Fee
Uzbekistan Crypto-Mining Hub “Besqala Mining Valley” is being created in Karakalpakstan after President Shavkat Mirziyoyev signed decree PQ-143 on April 17, 2026. The Uzbekistan Crypto-Mining Hub aims to formalize mining, attract foreign and domestic investment, and support the region’s tech sector.
A dedicated directorate will operate as a one-stop shop for firms seeking residency inside the hub. Once resident status is granted, the National Agency of Perspective Projects (NAPP) issues a mining permit without extra documentation. Residents pay a monthly fee equal to 1% of gross mining revenue, with the directorate’s net fees returned to Karakalpakstan’s state budget.
All mining operations must connect to ASKUE (Automated System for Accounting and Control of Electricity) by 2026. ASKUE enables separate monitoring of mining’s high electricity use to support grid stability. The decree also introduces stricter vetting to block applicants tied to economic crimes, money laundering, or terrorist financing.
For traders, this is mainly a compliance and operating-cost change rather than a direct crypto demand catalyst. Near-term price impact on the underlying token(s) is likely limited, while long-term mining capacity and behavior may shift as the rules become clearer.
Neutral
The decree formalizes the Uzbekistan Crypto-Mining Hub with licensing, residency, and tighter compliance, which can change miners’ operating costs (via the 1% revenue fee and mandatory ASKUE energy reporting). It may influence miners’ expansion plans and the timing of new capacity over time. However, the policy is administrative and energy-accounting focused, and it does not directly introduce a new demand driver for a specific token or mandate large-scale buying/selling. Therefore, the expected token price impact is limited in the short term, with the main effect likely showing up later through mining economics and network supply dynamics rather than immediate market re-pricing.