Cryptocurrencies, Uzbekistan incentivizes them with tax advantages. Another country opens decisively to digital currencies and the blockchain.
Within the path of economic strengthening, the government of Uzbekistan has chosen to take favorable initiatives for the sector criptovaluta, not just legalizing the exchange of cryptocurrencies, as well as allowing companies operating in the blockchain to open their offices in the state.
In a document published at the behest of the President of the Republic of Uzbekistan, regarding the useful measures to be able to organize the organisers' activities criptovalutarie in the country, the state 's intention not to deal with them emerges cryptocurrency as securities, thus allowing local laws governing security terms on regulatory markets (such as the Stock Exchange) not to "annoy" exchange di cryptocurrency.
Of course, this does not mean at all that the sector will not be regulated (indeed). For example, it is stipulated that only foreign legal entities that already have a branch or other business in Uzbekistan will be able to open the exchange di criptovaluta and that these entities will not be required to pay taxes on their turnover criptovaluta.
It has also been envisaged that foreign entities wishing to open partnerships platforms di exchange in Uzbekistan they have authorized capital to support up to 30.000 minimum wage operations per day, and that an amount equivalent to 20.000 minimum wages will have to be reserved in a commercial bank identified by the state. The minimum monthly salary in Uzbekistan was $ 185 in 2011.
Among other rules, the state will request that exchanges have their own servers in Uzbekistan and that exchanges keep transaction information, user identification and other KYC / AML-based data for five years.
The presidential decree also legalizes the mining di cryptocurrency in Uzbekistan and ordered state-controlled energy companies to award plafonds for mining operations. In this way, Bitcoin mining companies will use over 100 KW / h of electricity in places designated by the National Project Management Agency, an entity governed by the President's office.
