Uzbekistan Establishes Regulations for Mining Pools

The NAPP of Uzbekistan has approved regulations governing the operation of mining pools.

The document defines key terms and sets requirements for establishing relationships with national and foreign miners, revenue distribution, and maintaining a participant registry.

An electronic platform must be created for the pool’s operation, with separate accounting for each miner’s transactions.

Within the platform, the purchase/sale or exchange of cryptocurrencies, the introduction of external assets into pool wallets, and mining or other operations with anonymous coins are prohibited.

Agreements to join the pool can only be made with legal entities.

To do so, national and foreign miners must undergo mandatory identification, including providing addresses for asset withdrawal.

Any information about mining pool participants is provided to NAPP upon request.

Earlier, ForkLog reported that Uzbekistan increased the fees for bitcoin exchanges and exchangers.