Tokenization & crypto licensing in Uzbekistan

5 official registers read, 44 entries from National Agency of Perspective Projects. 1 instruments from here are in our catalogue.

Buying crypto in Uzbekistan: what to know

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Who regulates

National Agency of Perspective Projects (NAPP / Istiqbolli loyihalar milliy agentligi) — Regulates, licenses and supervises crypto-asset service providers (exchanges, crypto shops, depositories, mining pools); keeps the licence, crypto-asset and stablecoin registers
Central Bank of the Republic of Uzbekistan — Runs the special legal regime for stablecoins together with NAPP

Licensing of providers

Crypto-asset service providers (crypto exchanges, crypto shops, crypto depositories, mining pools) need a NAPP licence under Presidential Resolution PP-3832 of 3 Jul 2018 (as amended by Decree UP-121 of 2022 and Resolution PP-143 of 17 Apr 2026) and the NAPP licensing regulation (MoJ reg. No. 3380, 15 Aug 2022). Licences are issued only to Uzbek resident legal entities. Since 1 Jan 2023, Uzbek citizens and legal entities may buy, sell or exchange crypto-assets only through national (licensed) service providers, with exceptions set by law. Official register of providers ↗

Tax

Under PP-3832 (point 2, as amended in 2024), crypto-asset operations by individuals and legal entities, including non-residents, are not taxable until 1 Jan 2029, and income from them is not included in the tax base.

Gains: 0% (exempt until 1 Jan 2029)

Tax authority: lex.uz ↗

Stablecoins

A special legal regime for stablecoins is run by NAPP and the Central Bank. NAPP's stablecoin registry lists one token, HUMO (issuer HUMO Digital LLC), pegged 1:1 to the Uzbek sum. A pilot on paying for goods and services with it started in Sep 2026 and runs up to three years.

Watch out

Residents may trade only through Uzbek-licensed providers; NAPP calls use of unregistered foreign platforms a breach of law that can bring administrative or criminal liability.
NAPP has blocked access to unlicensed exchanges and can fine foreign firms that serve residents illegally.
Licences get suspended or revoked (e.g. UzNEX revoked 25 May 2026; several crypto shops suspended for six months in 2026); check the NAPP register for current status.
The tax exemption is time-limited and ends on 1 Jan 2029 unless extended.

Checked 2026-11-05 · Confidence: medium · Sources: [1][2][3][4][5][6][7][8][9][10][11]

Not confirmed: Number and date of the Nov 2025 fintech decree (reported as PP-359 of 27/29 Nov 2025; primary text not opened; cbu.uz release did not load) · Whether NAPP currently blocks major foreign exchanges (only the 2022 blocking report was opened) · Any reporting duties for individuals or CARF-type provider reporting to the tax authority · Exact content of the PP-143 (Apr 2026) change to the resident-trading rule and the statutory exceptions

Compiled to the best of our knowledge from the sources linked. Information, not tax or legal advice. Rules change — check the linked official sources before acting.

Found an error or something out of date? Tell us at [email protected] — we check and correct it.

Providers

Who offers tokenization and crypto services in Uzbekistan

Crypto-asset service providers (VASPs/CASPs) in Uzbekistan are registered with the National Agency of Perspective Projects (NAPP). Its register „Электронный реестр лицензий провайдеров услуг в сфере оборота крипто-активов“ lists 33 companies (read 2026-10-14). The conditions for registering are set by the authority — its own list is the source.

Общество с ограниченной ответственностью COINPAY
Акционерное общество ASTERIUM
Общество с ограниченной ответственностью LOCKTON HUB
Общество с ограниченной ответственностью PAYNET CRYPTO
Совместное предприятие Общество с ограниченной ответственностью JAPAN DXT
Совместное предприятие в форме Общества с ограниченной ответственностью CITY PAY GATE
Общество с ограниченной ответственностью TGHAMYON
Акционерное общество ASTERIUM
Общество с ограниченной ответственностью CRYPTO EXPRESS
Общество с ограниченной ответственностью PAYNET CRYPTO
Общество с ограниченной ответственностью CRYPTOCORP
Общество с ограниченной ответственностью C-CASH
Общество с ограниченной ответственностью T-FIRM
Общество с ограниченной ответственностью T-REX
Общество с ограниченной ответственностью COINPAY
+ 18 more in the register below

Where are crypto companies and VASPs registered in Uzbekistan?

With the National Agency of Perspective Projects (NAPP). Its register “Электронный реестр лицензий провайдеров услуг в сфере оборота крипто-активов” lists 33 companies (read 2026-10-14), for example Общество с ограниченной ответственностью COINPAY, Акционерное общество ASTERIUM, Общество с ограниченной ответственностью LOCKTON HUB, Общество с ограниченной ответственностью PAYNET CRYPTO. The requirements for registering are set by the authority; its own list is the source: https://napp.uz/ru/pages/erlsp

Official registers

What the authorities publish — and what we read

Status: Public register, read. Every address below was loaded, not guessed. A register entry records that an authority licensed, registered or approved something; it says nothing about whether you may or should buy it.

Authority	Register	Finding
NAPP	Электронный реестр криптоактивов (Token-Emissionen)	Public register, read about 4 entries
NAPP	Электронный реестр лицензий провайдеров криптоактивов	Public register, read
NAPP	Stablecoin-Register + Sonderregime Stablecoins	Public register, read
NAPP	Sonderregime-Teilnehmer Krypto (Sandbox)	Public register, read about 5 entries