A Surprise Central Asian Country Takes a Bold Step Regarding Bitcoin and Cryptocurrencies!
As interest in Bitcoin (BTC) and cryptocurrencies continues to grow around the world, countries are gradually legalizing cryptocurrencies.
The latest news on this point comes from Turkmenistan, which has signed its first national crypto regulatory law.
Turkmenistan President Serdar Berdimuhamedov signed a law regulating the cryptocurrency industry, according to local news source Business Turkmenistan.
Turkmenistan, one of the Central Asian countries, enacted this law to legalize and regulate digital assets in order to diversify its economy and attract more investments.
Turkmenistan's proposed law legalizes and regulates digital assets and introduces licensing for cryptocurrency exchanges and mining companies.
The law also requires registration for cryptocurrency mining and mining pool operations and prohibits undercover operations.
According to the law, which will come into force on January 1, 2026, the state can stop, cancel and require the return of token issuances.
The relevant law also defines the legal and economic status of digital assets and will regulate their storage and trading within the country.
However, the relevant law clearly states that cryptocurrencies are not legal tender, currency or security in Turkmenistan.
Turkmenistan also draws attention with having the world's 4th largest gas reserves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
VC Kara Nortman made an early investment in women’s sports, and today she is actively shaping the industry.
The Emergence of ZK Innovations and Vitalik's Perspective on the Next Phase of Web3
- The ZK market is projected to grow from $1.28B to $7.59B by 2033, driven by Vitalik Buterin's vision for Ethereum's ZK-centric scalability and privacy. - Ethereum's 2025–2027 roadmap prioritizes ZK efficiency via GKR protocol and streamlined rollups, enabling 43,000 TPS and 15x faster verification. - Projects like zkSync (27M monthly transactions) and StarkNet (BTCFi integration) demonstrate ZK's scalability, while Polygon zkEVM focuses on EVM compatibility and cost reduction. - Regulatory challenges (Mi
Ethereum Updates: Mutuum’s $20 Million Presale Reflects Positive Crypto Sentiment as Ethereum Approaches Crucial Support Level
- Ethereum nears $2,850 support zone with analysts predicting potential $9,000 rally via three-wave price pattern. - Mutuum Finance (MUTM) raises $19M in presale at $0.035, projecting 200-400% growth ahead of Q4 2025 launch. - Crypto market shows cautious optimism with 0.6% rise to $3.1T cap, 80/100 top coins gaining amid Bitcoin's $87,788 range. - Solana surges 2.1% to $139, securing top 10 market cap position while institutional adoption accelerates. - Mutuum's DeFi protocol roadmap includes ETH/USDT col
Bitcoin News Update: Regulation Meets Speculation as BlockchainFX Overtakes Major Players in Crypto Presale Competition
- BlockchainFX raised $12M in presale, surpassing Bitcoin Hyper and BlockDAG, driven by regulatory compliance and 70% token bonuses. - The project secured Anjouan's international trading license, attracting risk-averse investors with its audited live platform and 18,400 early participants. - Aggressive incentives like BF70 code and $500K Gleam giveaways intensified participation, contrasting peers' waning momentum due to speculation and dilution concerns. - Analysts highlight BlockchainFX's utility-focused
Trending news
MoreCrypto prices
More
