You Can Sell It, You Can’t Buy It: Rules of Cryptocurrency Trading in Uzbekistan

What are the electricity rates for miners?
At the end of 2019, the Electric Power Usage Rules were added with a clause that set forth

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You Can Sell It, You Can’t Buy It: Rules of Cryptocurrency Trading in
Uzbekistan
special 
triple rates
 for miners. However, in October 2019, a group of miners 
recorded a
video message
 to the country’s management, where they expressed their fear that the
escalation of rates would make the industry unprofitable. In January 2020, the
administration of NAPU stated at the press conference that they would create the National
Mining Pool with general rates. The respective draft decree 
was published
in the same
month on the website that discuss draft laws and regulations. According to the draft
decree:
Since February 1, 2020, large-scale mining activities must be licensed, while private
mining activities bind the miner to register via getting the status of a participant in
the mining pool;
Membership in the mining pool is mandatory for large-scale and private miners.
The decree has not been adopted so far, for reasons unknown. Therefore, miners of
Uzbekistan pay for electricity three times more than the general rate. 
Main photo: exchange.light47.com
This article was prepared as part of the Giving Voice, Driving Change – from the Borderland to the Steppes
Project.
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