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Turkmenistan legalizes crypto mining and exchanges to boost the economy
Source: CryptoNewsNet Original Title: Turkmenistan legalizes crypto mining and exchanges to boost the economy Original Link: Turkmenistan officially put into effect the Law on Virtual Assets legalizing cryptocurrency mining and crypto exchanges as it looks to boost economic development and attract foreign investment.
The new rules, which President Serdar Berdimuhamedov signed into law on Nov. 28, provide a framework for the use, creation and exchange of virtual assets in the country.
A 2025 study on Organization of Islamic Cooperation (OIC) member states, which include Turkmenistan, concluded that allowing crypto is good for the economy.
“Cryptocurrency legalization has significantly boosted economic growth in developing nations by enhancing financial inclusion and providing the legal clarity essential for attracting digital foreign direct investment,” said Muhammad Rheza Ramadhan, an economist and researcher at Indonesia’s Ministry of Finance.