Turkmenistan legalizes cryptocurrency mining and trading, but still prohibits its use as a means of payment
According to Odaily, Turkmenistan's President Serdar Berdimuhamedov has signed a decree officially legalizing cryptocurrency mining and trading. This legislation incorporates virtual assets into the scope of civil law and establishes a licensing system for cryptocurrency exchanges regulated by the country's central bank. Nevertheless, digital currencies are still not recognized as a means of payment, legal tender, or securities in Turkmenistan. Currently, the country's internet remains under strict government control. As an economy highly dependent on natural gas exports, this move is seen as a significant shift in Turkmenistan's economic policy. (The Washington Post)
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