Uzbekistan proposes to exempt income from crypto asset business

According to Bitcoin.com, Uzbekistan is preparing to waive taxes on income derived from cryptocurrency operations, and last week issued a draft decree containing relevant regulations. The draft states that the business of legal persons and individuals related to the circulation of crypto assets (including those conducted by non-residents) is not subject to taxation, and the income derived from these businesses is not included in the tax base of taxes and other mandatory payments. It was previously reported that the country has just launched the first licensed cryptocurrency exchange.