Techub News reports that the cryptocurrency regulation bill signed by the President of Turkmenistan at the end of November has come into effect, marking the official legalization of cryptocurrency mining and trading in Turkmenistan. According to the law, non-Turkmenistan residents can also mine cryptocurrencies in the country after registration. Cryptocurrency mining pools are also permitted. The law stipulates that cryptocurrency exchanges established in Turkmenistan must obtain a license, establish KYC and anti-money laundering mechanisms, and meet certain cold storage requirements.
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Techub News reports that the cryptocurrency regulation bill signed by the President of Turkmenistan at the end of November has come into effect, marking the official legalization of cryptocurrency mining and trading in Turkmenistan. According to the law, non-Turkmenistan residents can also mine cryptocurrencies in the country after registration. Cryptocurrency mining pools are also permitted. The law stipulates that cryptocurrency exchanges established in Turkmenistan must obtain a license, establish KYC and anti-money laundering mechanisms, and meet certain cold storage requirements.