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1% monthly management fee + full tax exemption, this policy is a bit exaggerated, miners probably need to start calculating relocation costs.
Uzbekistan is creating a special “Besqala Mining Valley” in the Republic of Karakalpakstan with major incentives for crypto miners.
Key benefits:
• Full tax exemption on mining income until January 1, 2035
• Only a 1% monthly revenue fee paid to the zone administration
• Encouragement for renewable energy and green mining
This is a bold move by the government to attract investment and position Uzbekistan as a mining hub in Central Asia.