Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year

ChainCatcher reported that Turkmenistan has passed a bill to legalize and regulate digital assets, including a licensing system for cryptocurrency exchanges and crypto mining companies.

Turkmenistan's President Serdar Berdymukhamedov has signed the bill, which will officially take effect on January 1. According to a government spokesperson, the bill will help attract investment and promote digitalization. The bill covers the regulatory framework for the creation, storage, issuance, use, and circulation of virtual assets within Turkmenistan, and clearly defines their legal and economic status. Turkmenistan is a landlocked country located in the southwest of Central Asia.