A Procedure For Issuing Permits To Carry Out Mining Activities Has Been Established In Uzbekistan

• Law Firm: GRATA International
• Subject Matter: Technology, Fin Tech
• Author: GRATA International
• Published date: 24 October 2023

In accordance with the Order of the Director of the National Agency for Prospective Projects of the Republic of Uzbekistan, dated September 29, 2023 the Regulation on the procedure for issuing permission to engage in activities in the field of mining was approved.

Government procedures, such as issuing permits to miners, re-issuing them, changing, and extending term, suspending, terminating and canceling permits, are now carried out exclusively through an electronic information system.

Mining is mainly available only to legal entities that use electricity produced using solar photovoltaic stations.

Miners, subject to fire safety and sanitary standards, can join the common electrical system with the installation of a separate electricity meter, if required by law. They must also operate only from their registered address. Uzbekistan prohibits hidden mining, mining of anonymous crypto assets, as well as mining without permission or at an address other than the registered one.

Miners can sell the crypto-assets obtained as a result of mining on crypto-exchanges that...