Governments Race to Offer Crypto Mining Tax Exemptions
- Uzbekistan’s Besqala Mining Valley grants crypto miners tax exemptions until 2035.
- Governments earn stable revenue through mining fees while attracting foreign capital.
- Crypto mining incentives in El Salvador, UAE, Belarus, and Georgia come with notable tax trade-offs.
A growing number of governments now view crypto mining as an industry worth attracting rather than taxing away. The competitive logic behind this is that structured fee models on mining revenues generate consistent income, above-market electricity tariffs recover infrastructure costs, and the broader economic activity, construction, employment, and foreign investment flows into regions that often have limited industrial development otherwise.
The most recent government to enter this competition is Uzbekistan. President Shavkat Mirziyoyev signed a resolution establishing the Besqala Mining Valley ac…
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