Uzbekistan to Throw its Doors Open to Tax-free Cryptocurrency Trading

Uzbekistan’s president has produced a draft decree that will see tax authorities in the country waive taxes on cryptocurrency trading and transactions – for both Uzbeks and non-nationals living in the country.

As previously reported, the government has been keen to implement the new measures – as well as new mining regulations – since the turn of the year.

However, according to a document posted on the government’s official website, the draft decree could be implemented as early as February, with a consultation period set to end at the end of this month.

The decree is entitled “Measures for the further development of the circulation of [cryptocurrencies] in Uzbekistan.”

Under the terms of the decree, crypto transactions would also be free from the kind of restrictions usually placed on foreign currencies.

The decree also contains further details of a proposed national “mining pool,” which will allow miners to make use of discounted…