Uzbekistan legalizes the operation of crypto exchanges in the country
[Big news]
The President of Uzbekistan, Shavkat Mirziyoyev signed an order to legalize the operation of crypto exchanges in Uzbekistan and directed relevant ministries and agencies to make regulation and law amendments.
The important aspect of the new regulation is that only foreign businesses can open a crypto exchange in Uzbekistan by bringing their subsidiary offices into the country, and the founding capital of the exchange should amount to 30,000 minimum wages (5,5 billion UZS = appr. 685,000 USD).
The new decree states that exchanges will be exempt from taxes, and it also states that land for mining farm can be allocated for businesses easily.
Check out the news for more info.
https://cointelegraph.com/news/uzbekistan-creates-state-blockchain-development-fund
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