Uzbekistan Launches First Tax-Free Crypto Mining Zone With 1% Fee

Besqala Mining Valley opens with tax exemptions until 2035, requiring miners to pay a 1% revenue fee and double electricity costs.

Woofun AI reports that Uzbekistan has officially inaugurated Besqala Mining Valley, its first tax-free cryptocurrency mining zone. The legislation, signed in April, grants miners tax exemptions through 2035. Participants must remit a 1% revenue fee and pay double the standard electricity rates.