Mining farms that are not registered or operate with fake documents may be fined up to 50 million soums

At the 43rd plenary session of the Senate, the law “On making additions and amendments to certain legal documents aimed at improving the system of licenses and authorization procedures in the field of crypto-asset circulation” was considered.

A fine of 150 BCAs will be imposed for mining without a permit document or for using forged documents with a permit feature.

It is also added as a new type of activity that requires obtaining documents with the nature of authorization for the implementation of mining-money, crypto-depository, crypto-store activities.

Moreover, a supplement was introduced to the law “On state duty” and a state duty was introduced for legal entities obtaining a license to perform the activities of service providers in the field of crypto-asset circulation, and the authority to determine its amount and payment procedure is given to the National Agency of Prospective Projects.