The creation of a “national mining pool” was declared a priority direction for development in Uzbekistan.Miners who join the pool will receiveprivileges in the form of reduced electricity tariffs. This was stated by the National Project Management Agency, which controls the crypto industry. The country is also preparing to launch a licensed crypto exchange where miners will be able to sell mined coins.
This week the National Agency forProject Management, a government body under the President of Uzbekistan, has unveiled its plans for 2020 to regulate cryptocurrencies and implement blockchain technology. During the press conference, details were revealed regarding the launch of a mining pool, due to which the power of domestic and foreign miners will be able to consolidate at the national level.
According to the local Spot News Agency,The main motivation for the agency’s decision is to ensure economic efficiency and increase the transparency and security of cryptocurrency mining in the country.
Creation of a national mining pool as wellis part of the agency's efforts to bring miners out of the underground economy. One of them will be the launch of the country's first licensed exchange, where companies will be able to sell mined digital coins.
Uznex, a platform operated by South Korea's Kobea Group, will launch on Monday, January 20th. At the moment, the exchange is at the beta testing stage and supports seven trading pairs.
Let us recall that in September 2018 the governmentUzbekistan legalized trading in cryptocurrencies and introduced licensing by a special decree signed by President Shavkat Mirziyoyev. Another decree issued in July of the same year provided a legal basis for activities related to cryptocurrencies and blockchain. At the same time, according to local media reports, in early December the regulator issued an order effectively prohibiting citizens of Uzbekistan from buying and selling cryptocurrency. They will only be allowed to sell coins on licensed exchanges in the country.
