TechFlow news, on January 6th, according to Crowdfundinsider, Turkmenistan's President Gurbanguly Berdimuhamedow signed a bill this week to incorporate "virtual assets" into the country's civil law framework and established a licensing system for cryptocurrency exchanges regulated by the central bank.
It is reported that the new law allows for the creation, storage, and circulation of virtual assets and sets rules for mining and trading services. However, digital currencies will not be recognized as legal tender, currency, or securities, meaning they cannot be used as official payment methods. The legalization of mining and exchanges may help Turkmenistan attract niche investments and establish regulatory channels for digital finance, while not relaxing state control.
