🚨 TURKMENISTAN LEGALIZES CRYPTO — A QUIET BUT IMPORTANT SHIFT 🚨
According to Odaily, Turkmenistan’s President Serdar Berdimuhamedov has signed a decree legalizing cryptocurrency mining and trading.
This is a major policy shift for one of the world’s most tightly controlled economies.
📜 What the new framework includes:
🔹 Crypto mining and trading are now legal
🔹 Virtual assets integrated into civil law
🔹 Licensing system for crypto exchanges
🔹 Central bank oversight of exchanges
⚠️ Key limitations (and why they matter):
• Crypto is NOT recognized as legal tender
• Crypto is NOT a means of payment
• Crypto is NOT classified as securities
• Internet access remains heavily restricted
This tells us something important 👇
🧠 Why Turkmenistan is doing this
🏭 Energy-driven strategy
Turkmenistan is heavily dependent on natural gas exports.
Legalizing mining allows the state to monetize surplus energy without fully opening the financial system.
🌍 Controlled adoption model
The government wants:
✔️ Capital inflows
✔️ Energy monetization
✔️ Regulatory visibility
Without:
❌ Monetary sovereignty loss
❌ Payment system disruption
🌐 Bigger picture implications
• Even highly centralized states are embracing crypto infrastructure
• Mining is increasingly viewed as an industrial export, not just speculation
• Governments want the economic upside without surrendering monetary control
📌 Key takeaway:
This isn’t ideological adoption — it’s strategic adoption.
Crypto doesn’t need permission to exist.
But states are learning they can’t afford to ignore it.
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