The President of Uzbekistan, a former Soviet republic, has signed a decree regarding the development and integration of blockchain technology, cryptoassets, and crypto mining.
With the move, President Shavkat Mirziyoyev aims to modernize the state administration system and advance the country's digital economics.
The decree, "On measures for digital economics development in the Republic of Uzbekistan," calls for the creation of conditions to introduce digital economics in Uzbekistan.
It details key development trends of digital economics globally. These include blockchain, a decentralized, distributed and public digital ledger technology, along with artificial intelligence or AI, supercomputers, and crypto-related activities.
As per the document, one government office has been designated to design and implement a program on blockchain development from 2018-2020.
From January 1, 2021, the country plans to integrate blockchain into the operation of governmental agencies, systems of corporate management, and in clearing transactions.
Those who wish to do business in the field of cryptoassets, including crypto exchanges, need to acquire special licenses.
"The turnover of cryptoassets is regulated by special regulatory legal acts. Operations related to this turnover are not subject to be taxed, while the revenues received are not included to the tax base," it said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.