Turkmenistan legalizes crypto mining and exchanges
By Alimat Aliyeva
Turkmenistan has legalized cryptocurrency mining and trading,
Azernews reports, citing foreign media.
The new legislation, signed on Thursday by President Serdar
Berdimuhamedov, brings virtual assets under the country’s civil law
framework and introduces a licensing system for cryptocurrency
exchanges. Under the law, exchanges will be regulated by
Turkmenistan’s central bank, representing the first formal legal
framework for crypto-related activities in the country.
At the same time, cryptocurrencies will not be recognized as
legal tender, currency, or securities. Existing regulations on
internet access and digital services remain unchanged.
Turkmenistan’s economy is largely dependent…
