turkey

In a historic shift for one of the world’s most closed economies, Turkmenistan has officially legalized cryptocurrency mining and the operation of crypto exchanges, marking a major policy change for the Central Asian nation. �
AP News +1
📜 What’s New in the Law?
President Serdar Berdimuhamedov signed the “Law on Virtual Assets”, which will take effect on January 1, 2026. This landmark legislation:
✅ Legalizes crypto mining for both individual entrepreneurs and businesses.
✅ Establishes a licensing framework for cryptocurrency exchanges and virtual asset service providers.
✅ Requires all miners and exchanges to register with and be regulated by the Central Bank of Turkmenistan.
✅ Mandates KYC (Know Your Customer) and AML (Anti‑Money Laundering) procedures for platforms and service providers.
✅ Requires custodial services and exchanges to use cold storage for asset protection.
🔒 Covert mining and unregistered activities are strictly prohibited. �
MEXC +1
However, the law does NOT recognize cryptocurrencies as legal tender, currency, or securities — they remain objects under civil law. This means crypto assets can be mined, traded, and stored legally, but cannot be used as official money within the country. �
Cointelegraph
🛡️ Key Rules & Restrictions
Registration Required: All miners must register mining equipment and wallets with the Central Bank.
Strict Advertising Standards: Crypto marketing must include risk warnings and cannot promote “easy riches” or target minors.
National Symbols Restricted: Use of words like “Turkmenistan,” “national,” or state symbols in crypto brands or services is banned.
State Oversight: The government retains authority to suspend, void or mandate refunds of certain token issuances if needed. �
MEXC +1
📈 What This Means for Binance & Users
For global exchanges like Binance, Turkmenistan’s newly regulated environment opens the door for legal and compliant crypto operations — provided local licenses and AML/KYC requirements are met. It also signals regional growth in crypto adoption, aligning Turkmenistan with neighboring countries such as Uzbekistan and Kazakhstan, which have already developed regulatory frameworks. �
MEXC
Although crypto won’t replace the national currency, this controlled legalization could expand market access, encourage local participation in digital asset markets, and attract institutional interest, all under a state‑supervised environment.
#Binance #Turkey
#Turkmenistan

O Ministério das Finanças da Turquia introduzirá novas restrições para combater a lavagem de dinheiro proveniente de crimes através de criptomoedas.
Em particular, o governo está introduzindo limites para operações com criptomoedas.
Além disso, as plataformas de criptomoedas serão obrigadas a verificar a origem dos fundos dos clientes.
O Ministério das Finanças e do Tesouro da Turquia está se preparando para implementar novos passos para prevenir a lavagem de dinheiro obtido por meio de atividades ilegais (AML) — em particular, por meio de apostas e esquemas fraudulentos — através de operações com criptomoedas.