Regulatory Alerts2018-09-02 | ПҚ-3926-сонAdded
Resolution of the President of the Republic of Uzbekistan on Measures to Organize Crypto-Exchange Activities in the Republic of Uzbekistan
This resolution establishes that legislative acts on securities, exchanges, and exchange activities do not apply to crypto-asset circulation and crypto-exchange activities. It clarifies that operations related to crypto-asset circulation by legal entities and individuals, including non-residents, are not taxable objects, and incomes from these operations are exempt from taxes and other mandatory payments. Crypto-exchanges are authorized to receive remuneration for services, including in crypto-assets, and to organize exchange transactions for buying, selling, or exchanging crypto-assets with residents and non-residents using national and foreign currencies. The National Agency for Project Management is required to approve and implement the Regulation on the procedure for licensing crypto-exchange activities within one month.
More like this from NAPP
We email you every new NAPP publication the day it's published.