Crypto Regulation in Uzbekistan

Legal

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
Mining Tax
--

Licensing & Registration

License Required
Yes
Regulator
NAPM / CBU (National Agency for Perspective Projects / Central Bank of Uzbekistan)
Framework
Presidential Decree on Virtual Assets (2022); NAPM licensing regime for crypto exchanges and miners
License Types
--
Estimated Cost (USD)
$10,000 - $50,000
Timeline
2-6 months
Ease of Licensing
Moderate

AML / KYC

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

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.03
Renewable Energy
20%
Climate
Temperate
Infrastructure
Good
Tax on Mining Income
0% for licensed VASP activities; standard 15% CIT for other activities
Notes
Very competitive electricity rates make this jurisdiction attractive for mining operations.

DeFi, Stablecoins & NFTs

DeFi: unregulatedStablecoins: unregulatedNFTs: unregulatedCBDC: research - CBU studying digital som

Soken Services

Legal Opinion
Available | $3,000 - $12,000 | 10 days
Banking
Difficulty: Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard
Company Registration
$8,000 | 30 days | Limited Liability Company
Licensing Support
Available | $25,000 - $100,000

Sources

Central Bank of Uzbekistan
high

Frequently Asked Questions

Is crypto legal in Uzbekistan?
Cryptocurrency is currently classified as "Legal" in Uzbekistan.
What is the crypto tax rate in Uzbekistan?
In Uzbekistan, the personal capital gains tax on crypto is 0% - crypto income exempt from personal income tax (Presidential Decree 2022), and the corporate tax rate is 0% for licensed VASP activities; standard 15% CIT for other activities.
Do I need a crypto license in Uzbekistan?
Yes, a crypto license is required in Uzbekistan. The regulator is National Agency for Perspective Projects / Central Bank of Uzbekistan under Presidential Decree on Virtual Assets (2022); NAPM licensing regime for crypto exchanges and miners. Estimated licensing cost: $10,000 - $50,000.
Is crypto mining legal in Uzbekistan?
Yes, crypto mining is legal in Uzbekistan. Electricity costs approximately $0.03/kWh. Mining income is taxed at: 0% for licensed VASP activities; standard 15% CIT for other activities. Very competitive electricity rates make this jurisdiction attractive for mining operations.
What are the AML/KYC requirements for crypto in Uzbekistan?
Yes, crypto businesses in Uzbekistan must comply with KYC (Know Your Customer) requirements.