Uzbekistan Publishes Decree on Blockchain Technology

The President of Uzbekistan, Shavkat Mirziyoyev, has quietly issued a decree today on what needs to be done in the field of cryptocurrencies, crypto currency mining and blockchain technology in his country. Expressing that he wants his country to adapt to digital currencies more easily and quickly, President of Uzbekistan Şavkat Mirziyoyev mentioned that Uzbek citizens who will be mining cryptocurrencies should get a license as of today and that their production should be recorded thanks to this license.

Uzbekistan. With this decree, which does not prevent its citizens from encountering any obstacles in the purchase and sale of crypto money, it is recommended that the government and companies start using blockchain digital blockchain technology in institutions as of January 1, 2021.

The Decree Scared

Even though such decrees on cryptocurrencies are published very rarely by countries, claims that the decree may be a negative decree in the first place, due to the fact that Uzbekistan is a developing country and there are some administrative problems, have spread. However, it was later understood that the decree named “Measures for the development of digital economy in the Republic of Uzbekistan” will be beneficial for the citizens of the country.

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