Tuesday, 02 January 2024 12:17 GMT

Turkmenistan Laying Groundwork To Get Handle On Virtual Assets And Mining For 2026-2030


(MENAFN- Trend News Agency) ASHGABAT, Turkmenistan, November 22. Turkmenistan is moving toward creating a regulated digital-assets sector, as the government reviewed a draft Roadmap for the Regulation of Virtual Assets and the Implementation of Mining Technologies for 2026-2030, Trend reports via the Turkmen Cabinet of Ministers.

The announcement was made at a cabinet meeting chaired by President Serdar Berdimuhamedov.

Deputy Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov presented the draft document, which was prepared on presidential instruction and in line with recommendations from Hero-Arkadag Gurbanguly Berdimuhamedov.

According to the report, the roadmap outlines the legal, technological, and organizational foundations needed to establish a functioning virtual-assets market in Turkmenistan. It includes measures with defined timelines and responsible institutions aimed at shaping the regulatory environment and supporting the development of digital-asset activities, including mining.

The plan lays its cards on the table, shining a spotlight on key areas like diving into international best practices, crafting legislation tailored to specific sectors, building up energy and telecommunications infrastructure, reeling in investments, and kicking off pilot projects. It also places emphasis on cybersecurity, energy-efficiency standards, and the training of specialized personnel.

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Trend News Agency

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