interesting development,so now ex-USSR will have two possible crypto havens
after Belarus now Uzbekistan wants to join the fray
unfortunately,legislation only is not enough to see the investors and businessmen flock to the country
Belarus doesn't have any electric power,they get everything from Russia in this regard
Uzbekistan's infrastructure is lacking too,but this is the right steps to be taking
and most importantly-many see it as a testing ground for Russia to start legalizing cryptocurrencies,at least stopping their wishy washy approach
where one day they are legalizing it,the other day-banning (at least according to their news )
Topic: [2018-07-05] Presidential Decree Sets the Stage for Legalizing Crypto in Uzbekis (Read 129 times)
July 07, 2018, 12:10:37 PM
July 05, 2018, 03:25:31 PM
That's also a very good one. Another legislation to legalize crypto. To me I think this is what the future will be all about. There will be regulations all around because I don't think the governments will allow crypto to just be around, and by the way I think that's better than a total ban
July 05, 2018, 03:36:49 AM
The executive power in Uzbekistan has advanced towards legalizing cryptocurrencies and implementing blockchain technology in both government and economy. A new decree signed by President Mirziyoyev mandates licensing for trading and other activities related to the circulation of digital coins. The document also calls for regulating crypto mining and smart contracts.
Following in the footsteps of Belarus, Uzbekistan – another former Soviet republic – has taken steps to legalize its crypto sector as part of the efforts by the government in Tashkent to boost the country’s development through innovation. President Shavkat Mirziyoyev has issued a special decree that will help prepare the legal ground for the implementation of blockchain technologies, the circulation of cryptocurrencies, and the regulation of mining.
The document, “On measures for the development of the digital economy in the Republic of Uzbekistan,” was signed on Tuesday and published on July 4. Decree №ПП-3832, which enters into force with its publication, notes that the technologies of blockchain, artificial intelligence, supercomputers, as well as the activities related to crypto assets are some of the main directions for digital development in many countries around the world.
Uzbekistan’s head of state has marked several tasks to further the development of the digital economy, the improvement of government systems and the creation of conditions for innovations in his country. Topping Mirziyoyev’s list is the introduction and expansion of activities related to the circulation of crypto assets, mining, smart-contracts, crowdfunding and blockchain technologies that can diversify investment and entrepreneurship. Some of these terms have been given proper definitions.
The decree also states that currency operations conducted by corporate entities and natural persons, including non-residents, related to the circulation of crypto assets, are not subject to taxation, and incomes received from such operations are not part of the taxable base. Also, crypto transactions by licensed entities will not be governed by the provisions of the regular currency law, according to the president.
See more - https://news.bitcoin.com/presidential-decree-sets-the-stage-for-legalizing-cryptocurrencies-in-uzbekistan/
Preparing the Legal Ground for Crypto Activities
Following in the footsteps of Belarus, Uzbekistan – another former Soviet republic – has taken steps to legalize its crypto sector as part of the efforts by the government in Tashkent to boost the country’s development through innovation. President Shavkat Mirziyoyev has issued a special decree that will help prepare the legal ground for the implementation of blockchain technologies, the circulation of cryptocurrencies, and the regulation of mining.
The document, “On measures for the development of the digital economy in the Republic of Uzbekistan,” was signed on Tuesday and published on July 4. Decree №ПП-3832, which enters into force with its publication, notes that the technologies of blockchain, artificial intelligence, supercomputers, as well as the activities related to crypto assets are some of the main directions for digital development in many countries around the world.
Uzbekistan’s head of state has marked several tasks to further the development of the digital economy, the improvement of government systems and the creation of conditions for innovations in his country. Topping Mirziyoyev’s list is the introduction and expansion of activities related to the circulation of crypto assets, mining, smart-contracts, crowdfunding and blockchain technologies that can diversify investment and entrepreneurship. Some of these terms have been given proper definitions.
The decree also states that currency operations conducted by corporate entities and natural persons, including non-residents, related to the circulation of crypto assets, are not subject to taxation, and incomes received from such operations are not part of the taxable base. Also, crypto transactions by licensed entities will not be governed by the provisions of the regular currency law, according to the president.
See more - https://news.bitcoin.com/presidential-decree-sets-the-stage-for-legalizing-cryptocurrencies-in-uzbekistan/
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