Turkmenistan legalises crypto mining and exchanges in shift for economy

Legislation signed by President Serdar Berdimuhamedov establishes a licensing scheme overseen by country’s central bank.

Share

Save

Turkmenistan, one of the world’s most isolated nations, has officially legalised mining and exchanging cryptocurrency in a major shift for the country’s tightly controlled, gas-dependent economy.

President Serdar Berdimuhamedov signed the legislation on Thursday, regulating virtual assets under civil law and establishing a licensing scheme for cryptocurrency exchanges overseen by the country’s central bank.