Only legal entities will be able to mine in Uzbekistan

The opportunity to conduct mining activities in Uzbekistan is open only to legal entities andcertain conditions.

Amendments and additions to the Decree of the PresidentUzbekistan "On measures to develop the digital economy in the Republic of Uzbekistan", which was adopted on July 3, 2018, determines that only legal entities can engage in cryptocurrency mining.

In accordance with the updates, the status has been determinedcryptocurrency mining as an activity that is focused on supporting the functioning of a distributed data registry, as well as on creating and confirming the integrity of blocks through computational operations.

In accordance with the adopted changes, miningcryptocurrencies in Uzbekistan is possible only by legal entities that must undergo mandatory registration with the National Agency for Perspective Projects for this by submitting an electronic application. Thus, the registration procedure for registration of mining activities is determined, and not the format for obtaining a license.

It is stipulated that during the operation of the miningequipment, it is permissible to use such electricity, whose generation was carried out using the capacities of a solar photovoltaic station. If we are talking about connecting mining equipment to a single energy network, then the tariff rate per kWh is doubled.

In addition, surcharges are applied to the tariff inthe case of energy consumption at peak load times. Finally, the consumption of electricity will have to be measured using a separate energy meter.

It is emphasized that miners will have tocarry out their activities at the address indicated in the electronic application for registration, and will also have to comply with all fire safety and sanitary rules.

Let us remind you that it previously became known that cryptotechnological business in Uzbekistan will be exempt from taxes.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest crypto exchange in the world is Binance. The platform supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bitget	https://bitget.com	7.8
3	Huobi	https://huobi.com	7.2
4	AAX	https://aax.com	6.9
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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