Turkmenistan through the encryption asset regulation bill

[Turkmenistan Passes Crypto Assets Regulation Bill] According to Reuters, Turkmenistan has passed a bill to legalize and regulate digital assets, including a licensing system for crypto asset 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 a regulatory framework for the creation, storage, issuance, use, and circulation of virtual assets within Turkmenistan, and clarifies their legal and economic status. Turkmenistan is a landlocked country located in the southwest of Central Asia.