Business news from Ukraine

Business news from Ukraine

Crypto exchanges in Uzbekistan will be able to open wallets for foreigners under special regime

The National Agency for Promising Projects has presented a list of specially authorized crypto exchanges participating in a special tax regime for foreign citizens.

The list includes all three crypto exchanges operating in Uzbekistan — Kobea Group, Coinpay, and Asterium. Foreigners will be able to open an account with any of them to obtain exemption from tax on income received outside the republic.

The President of Uzbekistan, by his decree dated October 4, 2025, No. UP-180, established that from January 1, 2026, the income of foreign citizens received from sources outside Uzbekistan will be exempt from personal income tax, subject to the following conditions:

  • payment of a fee of $50,000;
  • opening of a bank account with a specially authorized bank or a crypto wallet on a specially authorized crypto exchange in Uzbekistan.

Those wishing to participate in the regime must submit an application through the Tax Committee to a special commission.

Money transferred to an account or crypto wallet will only be credited after the bank (exchange) has assessed the risks and verified compliance with anti-money laundering rules.

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