The President of Uzbekistan signs the legislative amendment on cryptocurrency mining licenses

ChainCatcher news, according to Forklog, the President of Uzbekistan has signed a legislative amendment that includes mining licenses. The statement claims that the law has been supplemented and amended to establish new types and subtypes of permissible activities (cryptocurrency exchanges, mining pools, cryptocurrency storage, and cryptocurrency shops) and mining activities.

The National Agency for Project Management (NAPP) will be responsible for issuing licenses for activities related to crypto assets. Legal entities must pay national taxes and fees to obtain a license. As a cryptocurrency service provider, the fine for operating without a license is 300 BRV (approximately 8,150 USD), while the fine for unlicensed mining activities is 150 BRV (approximately 4,075 USD).