Turkmenistan & Crypto: You Won’t Believe This! 😮

Hark! Attend, gentle sirs and madams, for a tale most curious doth unfold! Turkmenistan, a kingdom oft’ overlooked, now seeks to dabble in the fantastical realm of… digital coin! 🪙 A most peculiar notion, wouldn’t you agree?

Turkmenistan Considers Coinage of the Ethereal Kind

’Tis reported, by the reliably verbose scribes of Reuters, that President Berdymukhamedov – may his reign be long and… interesting – hath affixed his august signature to a decree. This decree, effective come the year of Our Lord 2026, shall permit the registration of those merchants of the intangible – crypto exchanges, and those miners of digital substance.

Observe, good people, that this is not mere whim! Nay, ’tis a calculated maneuver! Our sources inform us that Turkmenistan, blessed with an abundance of gas (fourth largest reserves, you see! A veritable ocean of flammable air!), now seeks to diversify its coffers. A prudent course, perhaps, lest all their eggs be placed in one gaseous basket! They hope, naturally, to entice investment and accelerate this “digitalization” they speak of. A most baffling term, to be sure. 🤔

Though the precise number of coin aficionados within Turkmenistan remains shrouded in mystery (one suspects the truth be far more intriguing than admitted), the existence of those infernal Bitcoin ATMs and the ability to procure these digital baubles with mere credit slips suggest a burgeoning interest. The President’s decree, we are told, confers a legal status upon these cryptocurrencies, classifying them as… “civil assets”. But hold! They are forbidden to act as actual currency. A coin to look at, but not to spend! How droll! 🤣

Furthermore, these licensed merchants of the digital realm are obliged to safeguard the fortunes of their clientele – a sensible precaution, one might add. As for the miners, they may ply their trade, with the proper permissions and oversight, naturally. The decree outlines definitions and covers the operations of offering, transferring, issuing, and storing. A truly exhaustive list for such airy nothings.

Central Asia Embraces the Digital Frenzy

But Turkmenistan is not alone in this dalliance with the digital! Kazakhstan and Uzbekistan, those neighboring kingdoms, likewise stir with regulatory zeal. Uzbekistan, apparently, aims to embrace these “stablecoins” for payments in 2026. And Kazakhstan, ever eager to impress, has allocated a sum equivalent to a king’s ransom – between $500 million and $1 billion – for a grand reserve fund, and even concocted a national stablecoin in league with the mighty Binance! 💸

Thus, it appears Central Asia is determined to wager upon this blockchain and digital asset business. A bold move, to be certain! Though one might question the wisdom of chasing shadows…

According to those who track such matters – CoinMarketCap, they are called – the total value of all these digital trinkets now stands at a rather alarming $3.05 trillion! A sum that would make even the wealthiest monarch blush! Now, if you’ll excuse me, I believe I shall return to my more… tangible pursuits.

2025-11-30 08:14

Turkmenistan Considers Coinage of the Ethereal Kind

Central Asia Embraces the Digital Frenzy

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