Overview
- The law took effect following its official publication on Thursday, placing virtual assets under civil law.
- Oversight is reported as a central bank licensing regime, while other coverage cites Cabinet and Finance Ministry supervision, leaving the lead regulator unresolved.
- Only licensed domestic exchanges, custodians, and miners may operate, with unlicensed activity banned and licenses subject to suspension or revocation.
- Digital assets are treated as property rather than legal tender or payment instruments, so retail purchases, wage payments, and debt settlement in crypto remain prohibited.
- Key details await guidance, including tax treatment, potential approvals for foreign exchanges, and user access constraints under tight internet controls and absent payment infrastructure.