South Korea will help Uzbekistan to adopt the blockchain technology

The Association of South Korean Blockchain Entrepreneurs will assist the National Project Management Agency (NAPU) under the President of Uzbekistan in the implementation of blockchain technology in the republic, the corresponding President’s decree was published on Thursday on the website of the national legislation base of the republic.

The day before, the President of Uzbekistan Shavkat Mirziyoyev signed a decree providing for the adoption from 1 October the licensing of activities in the crypto-active market in Uzbekistan and the integration of blockchain technology from 2021 into the activities of state agencies, in clearing operations, as well as in payments, trade financing (letter of credit) and project lending. The authorized agency for licensing activities in the area of crypto-active assets ​​turnover is defined by the NAPU.

btcAccording to the rating of the International Business Times published in January 2018, Uzbekistan entered the top three in terms of the efficiency of cryptocurrencies mining – the cost of one bitcoin mining here is 1,790 thousand dollars. Leadership on this list is Venezuela (531 dollars), followed by Trinidad and Tobago (1,190 thousand dollars). Source:

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