Turkmenistan has issued its law on Virtual Assets. Here is the link to the complete text of the law in the Russian language: https://www.turkmenistan.gov.tm/ru/post/101129/zakon-turkmenistana-o-virtualnyh-aktivah Here is a somewhat summarized and paraphrased version of the law in the English language: COMPREHENSIVE SUMMARY: TURKMENISTAN'S LAW ON VIRTUAL … [Read more...]
A new city in Senegal will run on cryptocurrency. This is interesting experiment for Central Asia.
nCa Short Report The Senegalese-American singer Akon has signed an agreement with the government of Senegal to build a new city. The city will be called Akon City and its economy will be based entirely on cryptocurrency named Akoin. Akon has already made preparations for the launch of his cryptocurrency, Akoin. The details of the city are not available but it is … [Read more...]
Digital Currencies and Central Asia – Part 6
Tariq Saeedi Digital currency is a flag planted on a solid area of the digital economy. Hence, the development of the digital currency is determined by the extent and demand of the digital economy. Every country in Central Asia has its own plans about the digital economy. Turkmenistan has prepared the Digital Economy Strategy for the period 2019-2025. It is a roadmap for … [Read more...]
Digital Currencies and Central Asia – Part 4
Tariq Saeedi The blockchain technology and the P2P networking are already an important part of our life and economy. However, their full potential will only unpack when 5G technology becomes affordable and easily available. We are entering an uncharted territory where Internet of Things (IoT) and Internet of Skills (IoA) would the way we work, live our lives, and interact … [Read more...]
Digital Currencies and Central Asia – Part 3
Tariq Saeedi With some understanding of the blockchain technology and P2P networking, let’s now look at the digital currency of China, and the hybrid digital currency of Facebook, both of which may debut in 2020. The full impact of these developments on Central Asia would only be clear when we also take into account the 5G technology that is just around the corner, and … [Read more...]
Digital Currencies and Central Asia – Part 1
Tariq Saeedi This is second call for boarding: China may launch the digital version of its currency, renminbi, within the next few months Facebook is planning to launch in 2020 its own ‘stablecoin’, which will be called Libra Russia has enacted laws to define and encourage cryptocurency and smart contracts Kazakhstan and Uzbekistan are studying, and watching … [Read more...]