Uzbekistan’s Besqala Mining Valley: Tax-Free Crypto Zone Aims to Concentrate and Control High-Energy Mining
Uzbekistan has established the Besqala Mining Valley across Karakalpakstan, offering tax exemptions on crypto mining income until 2035 while tightening traceability and compliance through NAPP-led permitting and enforcement. The initiative seeks to concentrate mining for better oversight amid grid-loss concerns, but faces risks around capacity limits, environmental monitoring, and limited local job creation.