Turkmenistan Legalizes and Regulates Digital Assets

According to Foresight News, Turkmenistan has enacted legislation to legalize and regulate digital assets, including a licensing system for cryptocurrency exchanges and mining companies. Turkmenistan President Serdar Berdymukhamedov has signed the law, which will take effect on January 1. A government spokesperson stated that the law aims to attract investment and promote digitalization. The legislation outlines a regulatory framework for the creation, storage, issuance, use, and circulation of virtual assets within Turkmenistan, clarifying their legal and economic status. Turkmenistan is a landlocked country located in the southwestern part of Central Asia.