Turkmenistan, one of the world’s most closed nations, legalizes crypto mining and exchanges | Crypto Craft

  • Turkmenistan, one of the world’s most closed nations, legalizes crypto mining and exchanges

    From abcnews.go.com

    Turkmenistan, one of the world’s most isolated nations, officially legalized mining and exchanging cryptocurrency on Thursday in a major shift for the country’s tightly controlled, gas-dependent economy. Signed by President Serdar Berdimuhamedov, the legislation regulating virtual assets brings cryptocurrencies under civil law and establishes a licensing scheme for cryptocurrency exchanges overseen by the country’s central bank. However, digital currencies will still not be recognized as a means of payment, currency, or security. Turkmenistan’s internet also remains tightly regulated and controlled by the ... (full story)

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