The National Agency of Perspective Projects (NAPP) has prepared the infrastructure to provide tax incentives to non-residents. The regulator has launched a section for a registry of specially authorized crypto exchanges through which foreign citizens will be able to legally trade digital assets under special conditions.
What happened
According to the official NAPP portal, the agency has integrated a new list into the general state accounting system. The regulator’s architecture now includes a separate list of specially authorized crypto exchanges that will act as operators of tax incentives for foreign citizens.
The agency is consistently building a transparent environment for the virtual asset market. In addition to the new list of platforms for non-residents, NAPP already maintains electronic registries of all crypto service providers, issues mining permits, and monitors participants in the special legal regime (regulatory sandbox).
At the moment, the structure of the registry itself is published on the portal. The exact parameters of the tax relief, the criteria for selecting exchanges, and the list of the first participants have not yet been disclosed.
The country and the market
Uzbekistan is systematically securing its status as the main regulated crypto hub in Central Asia. NAPP acts as a single mega-regulator: the agency controls not only the circulation of digital assets but also the classic capital market, insurance, and e-commerce.
Offering special conditions for foreigners solves two market tasks. First, it stimulates the inflow of external liquidity to local licensed platforms. Second, it reduces the share of shadow transactions. Legal trading with tax preferences becomes economically more profitable than using gray schemes and offshore platforms.
Creating a separate tax corridor for non-residents moves crypto regulation from the phase of internal control to the stage of active competition for foreign capital.
What’s next
The market is awaiting the publication of the specific parameters of the tax regime and the first participants in the list of authorized exchanges. For local cryptocurrency platforms, getting into this registry will become a serious competitive advantage. This will give them a legal tool to attract clients from abroad, and will allow the state to increase the taxable base due to the growth of trading volumes.