Is crypto legal in Uzbekistan?
Cryptocurrency is legal in Uzbekistan, but subject to regulatory restrictions.
Central Asia · UZ · 3 of 9 dimensions sourced
Uzbekistan crypto policy at a glance
Stage of the central bank digital currency programme — research, pilot, or launched.
Whether crypto is legal, restricted, or banned for individuals and businesses.
“Individuals are allowed to own and dispose of crypto-assets belonging to them, and to conduct transactions for their sale and purchase exclusively through crypto-exchanges and crypto-shops licensed in the Republic of Uzbekistan. The use of crypto-assets as a means of payment on the territory of the Republic of Uzbekistan is not allowed.”
Whether the jurisdiction licenses crypto/VASP service providers.
Rules governing stablecoin and e-money-token issuance.
How crypto gains are taxed and reported, including OECD CARF participation.
How decentralized finance (DeFi) is treated by regulators.
Whether NFTs are addressed in regulation.
Policy toward crypto mining — permitted, restricted, or banned.
“С 1 января 2023 года юридическим лицам Республики Узбекистан разрешается осуществление майнинга крипто-активов только при условии использования электрической энергии, произведенной солнечной фотоэлектрической станцией, принадлежащей майнеру на праве собственности.”
Intensity of regulatory enforcement actions against crypto firms.
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