Turkmenistan passes crypto-asset regulation bill, which will come into effect on January 1 next year

According to Foresight News, according to Reuters, Turkmenistan passed a bill to legalize and regulate digital assets, including a licensing system for cryptocurrency exchanges and crypto mining companies. Turkmen President Serdar Berdymukhamedov has signed the bill, which will enter into force on January 1.



According to a government spokesperson, the bill will help attract investment and promote digitalization. The bill covers the regulatory framework for the creation, storage, issuance, use and circulation of virtual assets in Turkmenistan and clarifies their legal and economic status. Turkmenistan is a landlocked country located in southwestern Central Asia.

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