Uzbekistan creates state-backed crypto mining zone with tax breaks

Uzbekistan creates state-backed crypto mining zone with tax breaks

5.66%LINK$9.51 1.00%DOGE$0.09756 1.90%ADA$0.2549 1.60%BTC$78,020 2.11%XLM$0.1797 0.74%SOL$88.33 2.76%XRP$1.45 0.69%BCH$469.28 5.30%ETH$2,388 2.59%HYPE$40.50 0.73%TRX$0.3329 1.27%BNB$642.21 0.82%USD Written by Ezra Reguerra,Staff WriterReviewed by Bryan O'Shea,Staff EditorUzbekistan creates state-backed crypto mining zone with tax breaks30 minutes agoUzbekistan has created a supervised crypto mining zone in Karakalpakstan, allowing foreign sales while requiring proceeds to flow through local bank accounts. Uzbekistan has created a special crypto mining zone across Karakalpakstan under a presidential resolution signed on April 17, opening a supervised framework that lets approved mining companies sell mined digital assets on foreign platforms while keeping the proceeds inside the country’s banking system. A presidential decree effective April 20 creates the “Besqala Mining Valley,” a speci

Source: https://cointelegraph.com/news/uzbekistan-crypto-mining-zone-karakalpakstan-investment-push?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound