Crypto mining operations are now permissible in Turkmenistan, thanks to recent legislation that provides a regulatory framework for digital assets. The law mandates licenses for miners and exchanges, ensuring compliance with national regulations while preventing unauthorized activities.
Despite the legality of crypto mining, the newly passed law clarifies that cryptocurrencies cannot be used as legal tender. Residents are allowed to possess digital assets, classified as personal property, which necessitates compliance with national laws, including tax obligations.
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