Uzbekistan Formalizes Besqala Bitcoin Mining Hub with Decree, Tax Holiday and Fees

Uzbekistan’s president signed Decree PQ-143 on April 23, 2026, officially establishing the Besqala Mining Valley in Karakalpakstan as a regulated crypto-mining district with 1% monthly gross-revenue fees, mandatory ASKUE energy monitoring by 2026, and stringent vetting. The story began April 21 with teases of income tax exemptions to 2035 and grid access; April 22 expanded to a 10-year tax holiday on corporate, property, and social taxes, $1B foreign investment target by 2030, overseas sales permission, and 50 large-scale farms. The policy boosts mining economics, attracts investment, and rivals Kazakhstan's 13% global hashrate share, signaling bullish momentum for Bitcoin.