Turkmenistan Legalizes Cryptocurrency Mining and Trading, Still Prohibits Its Use as a Payment Method

Odaily News: Turkmenistan's President Serdar Berdimuhamedov has signed a decree formally legalizing cryptocurrency mining and trading. This legislation incorporates virtual assets into the civil code and establishes a licensing system for cryptocurrency exchanges regulated by the country's central bank. Despite this, digital currencies are still not recognized as a means of payment, legal tender, or securities within the country. Currently, the internet in Turkmenistan remains under strict government regulation. As an economy heavily reliant on natural gas exports, this move is seen as a significant shift in Turkmenistan's economic policy. (The Washington Post)