Uzbekistan To Launch National Cryptocurrency Mining Pool

Uzbekistan To Launch National Cryptocurrency Mining Pool

Uzbekistan To Launch National Cryptocurrency Mining Pool

Uzbekistan is considering launching its own national cryptocurrency mining pool and a cryptocurrency exchange to accompany it. This is aimed to boost crypto mining and attract foreign investors.

Per news.bitcoin.com, a government body under the President of Uzbekistan, the National Agency for Project Management (NAPM), has revealed its plans for the cryptocurrency and blockchain sector this year.

The organization’s plans include the launch of a national mining pool to help consolidate the mining power of domestic and foreign miners in the country.

According to Local news outlets, the country is launching its national mining pool to increase transparency and security for cryptocurrency miners, and to make it more attractive for foreign investors.

The accompanying digital asset exchange, dubbed Uznex, is based in the country’s capital, Tashkent, and will be operated by the South Korean Kobea Group.

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