Digital Economy Development Support Fund Established in Uzbekistan

Digital Economy Development Support Fund Established in Uzbekistan

Uzbek President Shavkat Mirziyoyev signed a resolution “On formation of Fund for Support of Digital Economy Development “Digital Trust”. Digital Economy Development Support Fund Established in Uzbekistan

The signed document explained that the Fund will invite and combine investors for development of projects in the field of the digital economy that also includes those related to the implementation of the blockchain.

Digital Economy Development Support Fund Established in Uzbekistan

The new fund will take strategic projects in the field of digital economy, including in the sphere of crypto-assets and crypto-exchanges. It will also support training activities in the development and implementation of blockchain.

The Fund’s capitals will be shape through the conclusions of the National Project Management Agency under the President of Uzbekistan. The Fund’s resources also includes income from the shares owned by NAPA in the authorized capital of companies. It will further be use to purchase shares and stakes in legal funds of companies in the field of digital economy.

The Fund will help in organizing training events, conferences, seminars, including abroad. It will offer grants to support students and young professionals. The fund will finance the attraction of foreign specialists to Uzbekistan.

The head of Uzbekistan also provided tax and customs benefits to the Digital Trust Foundation till 1 July 2021.

 

Newsletter sign up