Uzbekistan crypto-mining hub 'Besqala' don launch wit 1% revenue fee
Uzbekistan dey build one Crypto-Mining Hub wey dem call “Besqala Mining Valley” for Karakalpakstan after President Shavkat Mirziyoyev sign decree PQ-143 on 17 April 2026. The hub aim na to formalize mining, attract foreign and local investment, and support the region tech sector.
One dedicated directorate go dey as one-stop shop for companies wey wan get residency inside the hub. Once dem give resident status, the National Agency of Perspective Projects (NAPP) go issue mining permit without extra documents. Residents go pay monthly fee equal to 1% of gross mining revenue, and directorate net fees go return to Karakalpakstan state budget.
All mining operations must connect to ASKUE (Automated System for Accounting and Control of Electricity) by 2026. ASKUE go allow separate monitoring of mining high electricity use to help grid stability. The decree also add stricter vetting to block applicants wey relate to economic crimes, money laundering, or terrorist financing.
For traders, this one mainly na compliance and operating-cost change rather than direct crypto demand catalyst. Short-term price impact on underlying token(s) likely small, while long-term mining capacity and behaviour fit change as rules clear pass.
Neutral
Di decree don make Uzbekistan Crypto-Mining Hub official wit licensing, residency, and tight compliance, we fit change how miners dey operate cost (because of the 1% revenue fee and mandatory ASKUE energy reporting). E fit affect how miners plan to expand and when dem go add new capacity over time. But the policy na administrative and na about energy accounting, e no directly bring new demand driver for any particular token or make anybody buy/sell big-big. So, the expected token price impact small for short term, and the main effect go likely show later through mining economics and network supply dynamics rather than immediate market re-pricing.