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Turkmenistan, one of the world’s most closed nations, legalizes crypto mining and exchanges

ASHGABAT, Turkmenistan (AP) — Turkmenistan, one of the world’s most isolated nations, officially legalized mining and exchanging cryptocurrency on Thursday in a major shift for the country’s tightly controlled, gas-dependent economy.

Signed by President Serdar Berdimuhamedov, the legislation regulating virtual assets brings cryptocurrencies under civil law and establishes a licensing scheme for cryptocurrency exchanges overseen by the country’s central bank.

However, digital currencies will still not be recognized as a means of payment, currency, or security. Turkmenistan’s internet also remains tightly regulated and controlled by the government.

Turkmenistan, a former Soviet country in Central Asia, relies heavily on the export of its vast natural gas reserves to support its economy. China is the country’s main importer of gas, and Turkmenistan is currently working on a pipeline to supply gas to Afghanistan, Pakistan, and India.

Turkmenistan also adopted a law introducing electronic visas in April last year, aimed at simplifying entry for foreigners. After gaining independence in 1991, the autocratic nation typically placed strict entry requirements on would-be visitors, with many visa applications turned down for unclear reasons.

Australian watchdog files legal action against Telegram, saying it failed to remove violent content

MELBOURNE, Australia (AP) — Australia’s online safety watchdog has filed legal action against messaging app Telegram, saying the platform failed to remove extremist content including videos of white supremacist mass shootings in Buffalo, New York, and the New Zealand city of Christchurch as well as Islamic State group beheadings. The United Arab Emirates-based app, which reports having 1 billion users worldwide, faces a fine of up to 54.6 million Australian dollars ($38 million) if convicted in the Australian Federal Court for “alleged failure to detect and remove pro-terror material,” eSafety Commissioner Julie Inman Grant said Thursday. The civil action is a test of Australia's 2021 law requiring tech platforms to work to keep illegal and pro-terrorism material off their networks. Telegram denied the claims. “We reject these allegations and will contest them in court,” a spokesperson said in a written statement sent on Telegram.
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