A recent announcement by the Uzbekistan Cabinet of Ministers revealed that Bitcoin mining in the country would be taxed with higher tariffs on electricity. While Uzbekistan has proven to be a cryptocurrency supporter over the past several years, the toll Bitcoin mining has on the electricity supply has forced the government to introduce these raises. According to the statement, all electricity consumed for cryptocurrency mining will be subject to a three-fold increase in tariffs. It turns out mining is one of the biggest electricity consumers in Uzbekistan. Consequently, the government has decided to introduce these new measures to better regulate
