How crypto tax works in Uzbekistan
Uzbekistan exempts crypto operations through NAPP-licensed platforms for individuals and entities, covering trading, mining, staking, and airdrops with VAT, profit, wealth, and customs relief.
Residents must transact through domestic licensed providers, with stablecoin sandbox rules from 2026 and Besqala mining-valley incentives to 2035.
A phased tax model targets late 2026 with flat gains and corporate levies discussed, while unlicensed offshore activity loses exemption protection.
Tax rates at a glance
- Investor gains
- 0% (licensed)
- Licensed reliefs
- To 2028
- Mining valley
- To 2035
- Offshore activity
- Unprotected
- Phased model
- Discussed
- Licensing regime
- NAPP
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
Licensed-platform tradersMinersLong-term holdersExpatsFounders
Watch out for
- Exemption follows the licence, not the asset: offshore-platform income loses protection even on identical coins.
- The phased tax model targets late 2026, so 0% planning needs sunset monitoring rather than permanence assumptions.
- Unlicensed activity draws administrative and criminal exposure, with data-localisation and charter-fund conditions gating venues.
- Mining-valley incentives need local incorporation and Besqala residency, not just hashpower pointed at the zone.
Frequently asked questions
Is crypto tax-free in Uzbekistan?
Licensed-platform activity is 0% for individuals and entities with reliefs to 2028. Offshore activity loses protection, and a phased model is discussed for late 2026.
Who regulates crypto in Uzbekistan?
NAPP under presidential authority licenses exchanges, stores, custodians, and pools with AML, capital, and data rules.
What is Besqala mining valley?
A Karakalpakstan mining zone with tax relief to 2035 for locally incorporated residents using compliant power.