Turkmenistan legalizes crypto mining and trading under new framework
Turkmenistan has officially legalized domestic cryptocurrency mining and trading under a new licensing framework overseen by its central bank.Summary
Turkmenistan has officially legalized domestic cryptocurrency mining and trading as a new law regulating digital assets came into full effect. President Serdar Berdymukhamedov signed the law in late November, establishing a licensing regime for crypto mining companies and digital asset exchanges, which will be overseen by the central bank. While mining and trading are now permitted, cryptocurrencies are explicitly not recognized as a means of payment in the tightly controlled Central Asian nation. This move is seen as a strategic effort by Turkmenistan, which has the world's fourth-largest natural gas reserves, to diversify and digitalize its economy by attracting investment through state-sanctioned digital asset activities.
(Source：The Block)