Despite a lack of formal licensing, crypto mining outfits across the country are required to register with the new Uzbek National Agency for Perspective Projects.
Proposed legislation from January 2020 would have developed a national mining pool, providing discounted electricity to member miners.
Kazakhstan’s power grid, on which Uzbekistan and Kyrgzstan’s business and residential sectors also rely, suffered extensively.
Kazakhstan had housed around 7% of Bitcoin’s hashrate in the leadup to China’s ban but was responsible for more than 18% just two months later, according to the Cambridge Bitcoin Electricity Consumption Index.
Uzbekistan, by comparison, mines far less bitcoin.