{"id":441170,"date":"2022-05-03T13:46:35","date_gmt":"2022-05-03T10:46:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uzbekistans-president-issues-decree-to-adopt-special-crypto-framework\/"},"modified":"2022-05-03T13:46:35","modified_gmt":"2022-05-03T10:46:35","slug":"uzbekistans-president-issues-decree-to-adopt-special-crypto-framework","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uzbekistans-president-issues-decree-to-adopt-special-crypto-framework\/","title":{"rendered":"# Uzbekistan&#8217;s president issues decree to adopt special crypto framework"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d4640e0488\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d4640e0488\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/uzbekistans-president-issues-decree-to-adopt-special-crypto-framework\/#%E2%80%9D_Uzbekistans_president_issues_decree_to_adopt_special_crypto_framework_%E2%80%9C\" >&#8221; Uzbekistan&#8217;s president issues decree to adopt special crypto framework &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Uzbekistans_president_issues_decree_to_adopt_special_crypto_framework_%E2%80%9C\"><\/span>&#8221; Uzbekistan&#8217;s president issues decree to adopt special crypto framework &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMDQ5N2ZlYjYtMGM3Yi00MTNiLTkzZjYtNGZjZDU3MTIwYmNiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>The Republic of Uzbekistan continues to progress with local cryptocurrency regulations, with Uzbek President Shavkat Mirziyoyev issuing a new decree regulating the industry.<\/p>\n<p>Released on April 27, the new decree <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/lex.uz\/ru\/pdfs\/5985789\">instructs<\/a> a reorganization of a major presidential agency known as the National Agency for Project Management (NAPM). The authority has previously promoted crypto trading in Uzbekistan, proposing to allow residents to conduct all types of crypto trades in 2021.<\/p>\n<p>According to the decree, the NAPM will be restructured into a new entity called the National Agency for Perspective Projects (N<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">APP<\/a>), responsible for a wide range of crypto regulation-related projects with the mission to adopt a \u201cspecial crypto regulation regime\u201d in Uzbekistan.<\/p>\n<p>The agency is required to develop and adopt a unified state policy on crypto as well as ensure investor protection and enforce measures to combat illegal activities like terrorism financing. The NAPP will also initiate and promote projects that apply blockchain and other emerging technologies in public administration and other socio-economic sectors.<\/p>\n<p>The NAPP can establish legal conditions for entities usi crypto and blockchain tech as well as virtual asset providers \u200b\u200bincluding crypto trading and mining firms, industry stores and others. The agency is also responsible for licensing and supervising virtual asset service providers, which are required to pay a number of state fees, the document reads:<\/p>\n<blockquote><p>\u201cParticipants of the special regime have to pay mandatory deductions to all types of taxes and state trust funds, as well as customs payments for equipment, technological documentation, software [&#8230;] imported for their own needs, not produced in the Republic of Uzbekistan [&#8230;]\u201d<\/p><\/blockquote>\n<p>According to the document, income from salaries by participants of the \u201cspecial regime\u201d is subject to personal income tax at a fixed rate of 7.5%.<\/p>\n<p>Uzbek President Shavkat Mirziyoyev was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/uzbek-president-secures-second-term-landslide-victory-2021-10-25\/\">re-elected<\/a> for a second five-year term in October 2021, taking office in 2016 following death of longtime leader Islam Karimov. Mirziyoyev has adopted a number of initiatives in the crypto industry since assuming the office.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>\u2018Nothing is growing as fast as cryptocurrency\u2019: Kyrgyz MP wants national crypto<\/em><\/strong><\/p>\n<p>In 2018, Mirziyoyev ordered the establishment of a state blockchain development fund aiming to integrate blockchain into public administration projects like healthcare and education.<\/p>\n<p>Mirziyoyev previously <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/static.norma.uz\/official_texts\/%D0%9E%20%D0%BC%D0%B5%D1%80%D0%B0%D1%85%20%D0%BF%D0%BE%20%D0%BE%D1%80%D0%B3%D0%B0%D0%BD%D0%B8%D0%B7%D0%B0%D1%86%D0%B8%D0%B8%20%D0%B4%D0%B5%D1%8F%D1%82%D0%B5%D0%BB%D1%8C%D0%BD%D0%BE%D1%81%D1%82%D0%B8%20%D0%BA%D1%80%D0%B8%D0%BF%D1%82%D0%BE-%D0%B1%D0%B8%D1%80%D0%B6%20%D0%B2%20%D0%A0%D0%B5%D1%81%D0%BF%D1%83%D0%B1%D0%BB%D0%B8%D0%BA%D0%B5%20%D0%A3%D0%B7%D0%B1%D0%B5%D0%BA%D0%B8%D1%81%D1%82%D0%B0%D0%BD.pdf\">signed<\/a> a law prohibiting local firms from launching their crypto exchanges in Uzbekistan. The law only provided legal status to crypto exchanges launched by foreign legal entities. Some countries like Russia echoed similar trends\u00a0in crypto regulation policies in late 2021.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/uzbekistan-s-president-issues-decree-to-adopt-special-crypto-framework\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Uzbekistan&#8217;s president issues decree to adopt special crypto framework &#8220; The Republic of Uzbekistan continues to progress with local cryptocurrency regulations, with Uzbek President Shavkat Mirziyoyev issuing a new decree regulating the industry. Released on April 27, the new decree instructs a reorganization of a major presidential agency known as the National Agency for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":441171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMDQ5N2ZlYjYtMGM3Yi00MTNiLTkzZjYtNGZjZDU3MTIwYmNiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,74860,55229,70934,46483],"class_list":["post-441170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-law","tag-regulation","tag-taxes"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=441170"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/441171"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=441170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=441170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=441170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}