Turkmenistan Legalizes Digital Assets: New Law Enacts Regulation

Turkmenistan has introduced legislation to legally regulate digital assets, including cryptocurrency exchanges and mining companies. President Serdar Berdymukhamedov signed the law, which will be effective starting January 1st. The government aims to attract investment and promote digitalization through this regulation framework. The new law clarifies the legal and economic status of virtual assets within Turkmenistan, outlining guidelines for their creation, storage, issuance, usage, and circulation.