📰 【Uzbekistan to Establish Special Cryptocurrency Mining Zone with 10-Year Tax Incentives】

BlockBeats News, April 23, according to The Block, Uzbekistan will establish a special crypto mining zone in Karakalpakstan, where mining income taxes will be exempt until 2035. According to a decree issued by Uzbek President Shavkat Mirziyoyev, this zone is named "Besqala Mining Valley" and will cover the entire territory of Karakalpakstan in northwestern Uzbekistan. The main goal of this initiative is to attract investment, create jobs, and promote the use of renewable energy in crypto mining. The decree stipulates that mining operations within the zone can use various renewable energy sources for power generation. Residents can...
Damn, Uzbekistan's move is really bold! Drawing a circle and offering tax exemption for ten years—are they trying to compete with Kazakhstan for miners? $BTC $ETH Mining competition has even reached Central Asia; are the big players already thinking about setting up factories here? If electricity costs are truly cheap, the entire network's hash rate will definitely shake! But on the other hand, this plan is really ambitious—who knows what the future holds ten years down the line? Folks, does this count as an alternative "local dog" concept? 👇👇👇👇👇