Uzbekistan
A closed, licence-only market run by NAPP: residents trade through local providers, and a som stablecoin pilot began in 2026.
Key Regulatory Progress
Every law, rule and official guide on crypto in Uzbekistan: 20 apply today, and the rest show what's coming and how regulators read the rules. Each is explained in plain words and linked to the official original.
Last checked against the originals on 5 Oct 2026.
Core framework
The primary statutes that define crypto assets and who may deal in them.
- In forceApplies today
Resolution PP-143 on creating a special mining zone in the Republic of Karakalpakstan
ПП-143 О мерах по созданию и организации деятельности специальной майнинговой зоны на территории Республики Каракалпакстан
In force from 20 April 2026: makes Karakalpakstan the Besqala Mining Valley, exempts residents' mining income from taxes and fees until 1 January 2035 for a 1% monthly payment, and lets them sell mined crypto abroad with proceeds credited to Uzbek banks.
Read the original - In forceApplies today
Electronic Registry of Mining Permits
Lists the only mining permit, M 001, issued to Nexagrid on 19 January 2026 (checked 5 October 2026).
Read the original - In forceApplies today
Regulation on the procedure for issuing permits for mining activity (No. 3461)
Об утверждении Положения о порядке выдачи разрешения для осуществления деятельности по майнингу
In force from 3 October 2023: sets how legal entities apply online for a NAPP mining permit and the grounds for suspending or cancelling it.
Read the original - In forceApplies today
Decree UP-121 on amendments to certain acts of the President
УП-121 О внесении изменений и дополнений, а также признании утратившими силу некоторых актов Президента Республики Узбекистан
Turned the project management agency into NAPP with a mandate over crypto-asset turnover and created the crypto regulatory sandbox.
Read the original - In forceApplies today
Resolution PP-3832 on measures to develop the digital economy and the sphere of crypto-assets turnover (unofficial English translation)
ПП-3832 О мерах по развитию цифровой экономики и сферы оборота крипто-активов в Республике Узбекистан
The founding act, as amended to April 2026: defines crypto-assets, service providers and mining, exempts crypto transactions from tax, and requires residents to deal only through national providers.
Read the original - In forceApplies today
Resolution PP-3832 (official Russian text)
ПП-3832 О мерах по развитию цифровой экономики и сферы оборота крипто-активов в Республике Узбекистан
The authoritative consolidated text of PP-3832 on the official legal database.
Read the original - GuidanceNot binding law
Mining
Mining is for legal entities using solar power; grid power is billed at double the tariff and miners must register with NAPP. Mining is registered, not licensed.
Read the original
Exchanges & custody
Licensing, conduct and custody rules for trading platforms and service providers.
- In forceApplies today
Electronic register of licences for crypto-asset service providers
Lists every active, suspended and inactive licence with owners and order numbers: 2 exchanges, 6 depositories and 13 crypto stores, four of them suspended (checked 5 October 2026).
Read the original - In forceApplies today
Regulation on registering participants in the crypto-assets special regime (regulatory sandbox) (No. 3409)
Об утверждении Положения о порядке регистрации участников Специального режима регулирования в сфере оборота крипто-активов
Sets how firms enter NAPP's sandbox to pilot crypto and blockchain projects outside the normal licensing rules.
Read the original - In forceApplies today
Regulation on licensing service providers in the sphere of crypto-assets turnover (No. 3380)
Об утверждении Положения о порядке лицензирования деятельности провайдеров услуг в сфере оборота крипто-активов
Sets licence types, documents, fit-and-proper tests and requirements such as local servers, five-year record keeping and a ban on anonymous crypto-assets. Amendments let NAPP refuse licences on its motivated judgment (from 3 June 2026) and require its approval for share sales and management changes (from 1 October 2026).
Read the original - GuidanceNot binding law
Service providers: licensing requirements and fees
NAPP's summary of licensing (checked 5 October 2026): exchange capital of 5,000 base units with 3,000 reserved, state fees from 3,000 to 73,400 base units, and monthly charges from 5 to 740 base units.
Read the original
Stablecoins & payments
Issuance, reserve and redemption rules for fiat-referenced tokens and payment tokens.
- In forceApplies today
Stablecoin Registry
Official list of stablecoins and their white papers; HUMO is the only entry (checked 5 October 2026).
Read the original - In forceApplies today
Registry of Participants in the Special Stablecoin Regime
Lists HUMO Digital, registered on 2 September 2026 to test issuing and using the HUMO stablecoin for payments.
Read the original - In forceApplies today
Regulation on the special legal regime for the circulation of stable tokens (No. 3818)
Барқарор токенлар айланмасини тартибга солишнинг махсус ҳуқуқий режимини тақдим этиш тартиби тўғрисидаги низом
In force from 16 April 2026: resident firms may issue stablecoins in a sandbox only if fully reserved in som, foreign currency or (since July 2026) government securities; algorithmic, anonymous and crypto-backed tokens are banned (Uzbek text).
Read the original - In forceApplies today
Resolution PP-359 on measures to further develop the financial technology sector
ПП-359 О мерах по дальнейшему развитию сферы финансовых технологий в Узбекистане
From 1 January 2026 allows tokenised shares and bonds, requires exchanges to set up platforms for them, and opens a NAPP and Central Bank sandbox for currency-backed tokens.
Read the original - GuidanceNot binding law
Pilot project on using the HUMO stable token as a means of payment
Oʻzbekistonda HUMO barqaror tokenidan toʻlov vositasi sifatida foydalanish boʻyicha pilot loyiha boshlanmoqda
The Central Bank and NAPP began overseeing the HUMO pilot: 1 HUMO equals 1 som, issuance is backed by government securities, and Asterium is the partner platform (Uzbek text).
Read the original
Tokenisation & securities
Security tokens, RWA, funds and ETFs.
- In forceApplies today
Regulation on issuance, registration and circulation of crypto-assets by residents (No. 3397)
Об утверждении положения о порядке выпуска, регистрации выпуска и обращения крипто-активов резидентами Республики Узбекистан
Sets how Uzbek residents may issue and register tokens and how those tokens may circulate.
Read the original
AML & travel rule
Anti-money-laundering obligations and the FATF travel rule.
- In forceApplies today
Internal control rules on AML/CFT for persons active in crypto-asset turnover (No. 3309)
Kripto-aktivlar muomalasi sohasidagi faoliyatini amalga oshiruvchi shaxslar uchun ichki nazorat qoidalari
Requires crypto providers to run customer due diligence, monitor transactions and report suspicious activity; last amended by No. 3309-3, in force from 29 September 2026 (Uzbek text).
Read the original
Tax
How gains, income and transactions are taxed.
- In forceApplies today
List of specially authorised crypto exchanges for the special tax regime for foreign citizens
NAPP Order No. 49 authorises Coinpay and Asterium to open wallets for foreigners under the special tax regime.
Read the original - In forceApplies today
Decree UP-180 on measures to implement a special tax regime for foreign citizens
УП-180 О мерах по внедрению специального налогового режима для иностранных граждан
Exempts qualifying foreigners' foreign income from personal income tax from 2026 and lets them hold funds in a crypto wallet at a specially authorised Uzbek exchange.
Read the original - In forceApplies today
Regulation on fees for activities in the sphere of crypto-assets turnover (No. 3388)
Об утверждении Положения об установлении размеров сборов за осуществление деятельности в сфере оборота крипто-активов, порядке их уплаты и распределения
Sets the monthly fees miners and providers pay in place of tax; amended in July 2026 to exempt Besqala Mining Valley residents until 2035.
Read the original
Investor protection
Market abuse, disclosure, advertising and retail safeguards.
- In forceApplies today
Rules for trading crypto-assets on a crypto exchange (No. 3379)
Kripto-birjada kripto-aktivlar savdolarini amalga oshirish qoidalarini tasdiqlash toʻgʻrisida
Governs how licensed crypto exchanges run trading, admit clients and handle orders (Uzbek text).
Read the original
Banks & prudential
What banks may hold, custody or issue.
- In forceApplies today
Special regime participants registry in the field of crypto-asset turnover
Crypto sandbox pilots: the Token.uz blockchain platform and Heemera's crypto-recovery service remain; the Kapitalbank and Octobank crypto card pilots ended in 2024 and August 2026.
Read the original
Spotted on regulators' sites · All changes
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Uzbekistan