Turkmenistan, a small nation with about 7.6 million folks and really restricted management over the web, has formally legalized cryptocurrency mining and exchanges since January 2026.
The choice is geared toward attracting contemporary funding and lowering dependence on gasoline exports, whereas conserving tight guidelines on who can function and the way crypto can be utilized.
Turkmenistan Passes New Crypto Legislation For Mining & Exchanges
On November 28, 2025, President Serdar Berdimuhamedov signed the Legislation on Digital Property, which formally got here into drive on January 1, 2026.
Underneath this regulation, solely registered corporations and permitted entrepreneurs are allowed to mine cryptocurrencies or function crypto exchanges. This isn’t an open market. Each enterprise should acquire a license earlier than beginning, and all actions shall be intently monitored by the federal government.
A number of state our bodies, together with the Central Financial institution, the Cupboard of Ministers, and the Ministry of Finance and Economic system, will oversee the sector. Common checks shall be carried out to verify corporations comply with the foundations.
Mining and Exchanges Underneath Tight Management
Crypto mining is now authorized just for permitted operators. Any hidden or unlicensed mining stays unlawful and will result in penalties. This rule is very strict given the nation’s managed digital atmosphere.
Exchanges should additionally function beneath strict guidelines. They’ll provide crypto buying and selling companies, however solely inside the framework set by regulators. Taxes should be paid, and crypto can’t be used for unlawful actions.
What Is Allowed, And What Is Not
The brand new regulation clearly states that cryptocurrencies is not going to be handled as authorized tender. This implies crypto can’t be used for on a regular basis funds, salaries, or official transactions.Â
As an alternative, digital property are labeled as digital property that individuals can legally personal, maintain, and commerce beneath regulated circumstances.
Licensed crypto corporations should comply with sturdy anti-money laundering guidelines, retailer most property in chilly wallets, and report exercise to regulators. Any unlicensed mining or trade exercise is strictly banned. Authorities even have the ability to droop or cancel licenses if guidelines are damaged.
How This Impacts Crypto Use in Turkmenistan
Whereas close by international locations like Uzbekistan and Kazakhstan have already got clear crypto guidelines, Turkmenistan is taking a special path. As an alternative of banning crypto, it’s selecting a tightly managed and controlled method.
Despite the fact that crypto buying and selling and holding are nonetheless very restricted immediately, this new regulation slowly opens the door for adoption beneath strict authorities guidelines.
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