✅ Turkmenistan Legalizes Cryptocurrency 🪙
The President of Turkmenistan has signed a law officially allowing cryptocurrency mining and trading in the country.
Under the law, citizens and companies will be able to mine, hold, and exchange digital assets. All mining operations and cryptocurrency exchanges must be registered with the Central Bank of Turkmenistan and operate under a license.
The law requires mandatory customer identification (KYC) and compliance with anti-money laundering (AML) regulations. Anonymous cryptocurrency activities are prohibited.
The use of cryptocurrencies as an official means of payment is not provided for under the law. Digital assets are recognized as civil rights objects but are not considered money or securities.
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