What is Uzbekistan's FATF status?

Uzbekistan is classified by FATF as: non_compliant.

Are VASPs licensed in Uzbekistan?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Uzbekistan?

KYC is mandatory for crypto businesses.

Uzbekistan

Uzbekistan has no specific cryptocurrency regulation.

Overview

Status	Legal
Risk Score	30/100 (Moderate Risk)
Region	central asia
Currency	UZS

Tax Information

Capital Gains (Personal)	0% - crypto income exempt from personal income tax (Presidential Decree 2022)
Capital Gains (Corporate)	0% for licensed VASP activities; standard 15% CIT for other activities
VAT on Crypto	No
Staking Tax	Tax exempt for licensed operations
Airdrop Tax	Tax exempt for licensed operations

No crypto-specific tax guidance available.

Licensing & Registration

Required	Yes
Regulator	NAPM / CBU
Framework	Presidential Decree on Virtual Assets (2022); NAPM licensing regime for crypto exchanges and miners
Ease	moderate
Cost (USD)	$10,000 - $50,000

Enforcement Activity

Level: Low

No detailed enforcement information available

AML / KYC

KYC Required	Yes
Travel Rule	No
FATF Member	No
FATF Status	non_compliant
FATF Body	EAG
Suspicious-Activity Reporting	No

DeFi, Stablecoins & NFTs

Status: unregulated

Stablecoins

Status: unregulated

NFTs

Status: unregulated

Mining

Legal	Yes
Electricity Cost	$0.028/kWh
Renewable Energy	22%
Infrastructure	fair

Mining is legal under the Presidential Decree on Virtual Assets (2022) and regulated via NAPM licensing. Electricity costs are low, supporting mining operations.

Geopolitical Risk

Stability	moderate
Sanctions	No
Corruption Index	35/100
Banking Access	moderate

Risk Factors

regional geopolitical tensions
capital controls
bureaucratic hurdles

Uzbekistan has moderate political stability with ongoing reforms but faces regional risks and moderate corruption. No major international sanctions apply. Banking access for crypto is improving but still moderate.