The rules for mining pools have been approved in Uzbekistan

    Finance 25 March 2024 1383

    The order of the director of the NAPPE "On approval of the rules for the operation of the mining pool" (reg. No. 3507 dated 03/20/2024) was adopted.

    For reference: a mining pool is an organization that provides an electronic platform for consolidating computing power to support mining activities.

    It is prohibited on the electronic platform of the mining pool:

    • performing transactions for the purchase, sale and (or) exchange of crypto assets obtained during mining for other types of crypto assets;
    • storing the crypto assets of the mining pool participants, putting previously put into circulation crypto assets on the crypto wallets of the mining pool and its participants;
    • mining and other operations with anonymous crypto assets.

    The mining pool does not have the right to use the crypto assets of the mining pool participants (including on their behalf) obtained during mining to perform other operations with crypto assets.

    The mining pool does not have the right to conclude contracts with:

    • individuals who are residents of Uzbekistan;
    • persons under the age of 18;
    • by national and foreign miners who have not passed the identification process,
    • persons included in the list of persons involved or suspected of participating in terrorist activities or the proliferation of weapons of mass destruction, in accordance with legislation on countering the legalization of proceeds from criminal activities, the financing of terrorism and the financing of the proliferation of weapons of mass destruction.

    The document was published in the National Database of Legislation and entered into force on 03/20/2024, Norma reports.