Uzbekistan

Uzbekistan regulates crypto-assets under the Presidential Decree on Virtual Assets (2022) with the National Agency for Prospective Projects overseeing licensing and regulation. A special tax regime exists for authorized crypto exchanges serving foreign citizens.

Overview

StatusLegal
Risk Score25/100 (Low Risk)
Regioncentral asia
CurrencyUZS

Tax Information

Capital Gains (Personal)0% - crypto income exempt from personal income tax (Presidential Decree 2022)
Capital Gains (Corporate)0% for licensed VASP activities; standard 15% CIT for other activities
VAT on CryptoNo
Staking TaxTax exempt for licensed operations
Airdrop TaxTax exempt for licensed operations

No crypto-specific tax guidance available.

Licensing & Registration

RequiredYes
RegulatorNAPP / CBU
FrameworkPresidential Decree on Virtual Assets (2022)
Easemedium
Cost (USD)$10,000 - $50,000

Licensing and permitting for crypto exchanges and miners are managed by the National Agency for Prospective Projects under a special regime.

Enforcement Activity

Level: Low

No detailed enforcement information available

CBDC

StatusResearch
NameDigital Sum
Issuing AuthorityCentral Bank of Uzbekistan
Modelhybrid

AML / KYC

KYC RequiredYes
Travel RuleYes
FATF MemberYes
FATF Statuscompliant
FATF BodyAPG
Suspicious-Activity ReportingYes

DeFi, Stablecoins & NFTs

Status: regulated

DeFi activities are regulated under the broader crypto-assets framework enforced by the National Agency for Prospective Projects.

Stablecoins

Status: regulated

Stablecoins are regulated under the Presidential Decree and require compliance with licensing and AML rules.

NFTs

Status: unregulated

Mining

LegalYes
Electricity Cost$0.028/kWh
Renewable Energy22%
Infrastructurefair

Mining is legal and licensed under the NAPM regime with relatively low electricity costs and moderate renewable energy usage.

Geopolitical Risk

Stabilitystable
SanctionsNo
Corruption Index40/100
Banking Accessmoderate
Sanctions Program ActiveNo

Risk Factors

Uzbekistan is politically stable with moderate corruption and moderate ease of doing business. It is not under international sanctions but faces some capital controls and regional risks.

Sources

Frequently Asked Questions

Is cryptocurrency legal in Uzbekistan?

Uzbekistan regulates crypto-assets under the Presidential Decree on Virtual Assets (2022) with the National Agency for Prospective Projects overseeing licensing and regulation. A special tax regime exists for authorized crypto exchanges serving foreign citizens.

What is the FATF status of Uzbekistan?

Uzbekistan is classified by FATF as: compliant.

Are VASPs licensed in Uzbekistan?

Yes, licensing is required for VASPs.

What is the AML/KYC regime in Uzbekistan?

KYC is mandatory for crypto businesses.

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Last reviewed: 2026-09-25 · Data source: Soken Crypto Legal Map

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