Turkmenistan Goes Crypto: Exchanges, Mining Now Legal
Turkmenistan has officially legalized cryptocurrency exchanges and mining, although digital assets are not recognized as a legal means of payment. The new law, signed by President Serdar Berdymukhamedov in November, came into effect on January 1, allowing crypto companies to register. This marks a notable shift for the highly controlled and isolated Central Asian nation, whose economy relies heavily on natural gas exports. Meanwhile, neighboring Uzbekistan has also taken steps toward crypto regulation, approving a stablecoin payment initiative. Iran, another regional player, is reportedly selling military equipment for cryptocurrency to bypass Western sanctions. Despite these regulatory developments, Bitcoin has been consolidating recently, trading between $85,000 and $90,000, while altcoins have also shown limited price movement.
bitcoinist01/03 12:26