Turkmenistan Legalized Cryptocurrency Mining

Turkmenistan aims to support economic development and attract foreign investments by legalizing cryptocurrency mining and exchange operations.

The law, signed by President Serdar Berdimuhamedov, provides a legal framework for virtual assets, categorizing these assets as property. With this regulation, cryptocurrency mining and exchange operations will need to register with the central bank.

The new legislation also stipulates that these operations must comply with anti-money laundering rules. Thus, the Turkmen government aims to strengthen the financial system and create a more robust investment environment.