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29 March 2020

Uzbekistan to Create National Mining Pool, Launch Licensed Exchange - Bitcoin News

Uzbekistan to Create National Mining Pool, Launch Licensed Exchange - Bitcoin News


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Uzbekistan to Create National Mining Pool, Launch Licensed Exchange.

Miners who join the pool will enjoy lower electricity rates, announced the country’s agency overseeing the crypto industry.

During a press conference on Monday, the agency stated that the proposed mining pool will help consolidate the capacities of domestic and foreign miners at the national level.

The establishment of a national mining pool is also part of a series of measures by NAPM to take crypto miners out of the shadow economy.

Another one of these will be the launch of the country’s first licensed digital asset exchange next week, on which mining companies will be able to sell the digital coins they receive for the processing of crypto transactions.

The regulator is now stepping up efforts to establish the new mining pool and it’s already preparing, together with other agencies, a draft decree for Uzbekistan’s president which will be released for public discussion in the coming days?

Do you think Uzbekistan will attract crypto miners to its national mining pool?

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