Uzbekistan Cryptocurrency Regulator: Cryptocurrency Mining Limited to Legal Entities

Odaily Planet Daily News The National Agency for Prospective Projects (NAPP) of Uzbekistan has issued a decree on the licensing of cryptocurrency mining operations, limiting such activities to legal entities. In addition to prohibiting individual miners from operating, NAPP also requires companies to only use solar energy to mine cryptocurrencies such as Bitcoin. However, miners can still use Uzbekistan's unified electricity system under certain circumstances specified in the legislation. The document did not mention the implications of the case. Among other requirements, Uzbekistan’s cryptocurrency regulator requires companies to set up dedicated rooms to install mining equipment and to mine cryptocurrencies only through registered addresses. The rules also require cryptocurrency mining companies to promptly and in full pay mining fees set by regulators. In addition, NAPP also prohibits miners from mining privacy coins. (Cointelegraph)