Uzbekistan now requires licensed cryptocurrency companies in the country to pay monthly fees that will mostly go towards the state budget, an official document published Wednesday shows.
The new rules set out by the National Agency of Perspective Projects, the Ministry of Finance and the State Tax Committee of the Republic of Uzbekistan are already in force. How much a firm will have to pay each month depends on the type of service it provides as well as a base figure set for crypto companies at the time the monthly payment is to be made, the document says.
Russian language crypto news publication Forklog puts the amount at 120 million Uzbekistani soums ($11,000) for crypto exchanges. The document also lays out proportionally smaller payments required from cryptocurrency stores, custodial services, mining pools as well as individual miners.
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