Uzbekistan increases fees for crypto operations

The National Agency for Prospective Projects anticipates the revenue generated from the sector to double once the new structure is in place.

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Uzbekistan’s National Agency for Prospective Projects (NAPP) has issued a new directive to increase the monthly fees for crypto market participants in the country. The mandate was given on Tuesday, March 19, 2024.

According to the official statement, the revised fee framework is an amendment to a directive initiated by the Ministry of Justice in September 2022.

This change follows the NAPP’s assessment of the “adequate profitability” within the cryptocurrency retail and exchange sectors, prompting the introduction of a new fee structure impacting both entities.

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