CoinVoice has learned that Turkmenistan President Serdar Berdimuhamedov has signed a decree officially legalizing cryptocurrency mining and trading. The legislation classifies virtual assets under civil law and establishes a licensing system for cryptocurrency exchanges regulated by the country's central bank. Nevertheless, digital currencies are still not recognized as a means of payment, legal tender, or securities in the country. Currently, the internet in Turkmenistan remains under strict government regulation. As an economy heavily dependent on natural gas exports, this move is seen as a significant shift in its economic policy.
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CoinVoice has learned that Turkmenistan President Serdar Berdimuhamedov has signed a decree officially legalizing cryptocurrency mining and trading. The legislation classifies virtual assets under civil law and establishes a licensing system for cryptocurrency exchanges regulated by the country's central bank. Nevertheless, digital currencies are still not recognized as a means of payment, legal tender, or securities in the country. Currently, the internet in Turkmenistan remains under strict government regulation. As an economy heavily dependent on natural gas exports, this move is seen as a significant shift in its economic policy.