According to Cointelegraph, the cryptocurrency regulation bill signed by the President of Turkmenistan in late November has come into effect, marking the official legalization of cryptocurrency mining and trading in Turkmenistan. Under the law, non-residents of Turkmenistan may also engage in cryptocurrency mining in the country after registering. Cryptocurrency mining pools are also permitted to be established. The law stipulates that cryptocurrency exchanges established in Turkmenistan must obtain a license, implement KYC and anti-money laundering (AML) mechanisms, and meet certain cold storage requirements.