Turkmenistan Legalizes Crypto Mining and Exchange Under New Regulatory Framework

2026-01-01 21:21:10

Source: CryptoNewsNet Original Title: Crypto mining is officially legal in Turkmenistan, but everyday use is off-limits Original Link:

Overview

Crypto mining and exchange operations are now legal in Turkmenistan following the adoption of a new regulatory framework signed by President Serdar Berdimuhamedov in November 2025.

New Regulatory Framework

The “Law of Turkmenistan on Virtual Assets” introduces licensing requirements for exchanges, custodians, and miners. The law aims to:

Ensure secure circulation of digital assets
Prevent unlawful activities
Protect user rights
Promote technological innovation and digital economic development

Key Regulations

Licensed Operations: Only licensed companies are permitted to issue, manage, or exchange digital assets. These organizations operate under direct supervision of the Cabinet of Ministers and the Ministry of Finance and Economy, subject to stringent regulatory standards and periodic state inspections.

Prohibition on Unlicensed Activities: The law strictly prohibits unlicensed sector activities, granting regulators authority to suspend or revoke licenses for violations.

Asset Status: Although digital assets are not recognized as legal tender, securities, or a means of payment, residents are permitted to acquire, hold, and use virtual assets as a form of digital property.

Compliance Requirements

Participants must:

Comply with national legislation
Fulfill tax obligations
Ensure virtual assets are not used for unlawful purposes

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