Turkmenistan Legalizes Cryptocurrency, Diversifies Economy

Turkmenistan Legalizes Cryptocurrency: A New Era for Digital FinanceTurkmenistan has officially legalized and will regulate digital assets, including cryptocurrency exchanges and crypto mining operations. This significant move, announced by state media, positions the Central Asian nation to embrace the growing digital economy and diversify its economy beyond natural gas exports. The new law, set to come into effect on January first of next year, will cover the creation, storage, placement, use, and circulation of virtual assets within Turkmenistan, providing clarity and security for businesses and individuals engaging with digital assets in the country.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.