US EditionTurkmenistan, one of the world’s most closed nations, legalizes crypto mining and exchanges
The new law places cryptocurrencies under civil law and requires central bank licenses for exchanges while not recognizing digital currencies as legal tender or securities.
- On Thursday, Turkmenistan legalized mining and exchanging cryptocurrency, with President Serdar Berdimuhamedov signing legislation that places virtual assets under civil law and licenses exchanges via the central bank.
- Facing heavy state controls, Turkmenistan's legalization marks a major shift for one of the world's most isolated nations with government regulation of the internet.
- The legislation specifies that digital currencies will not be recognized as a means of payment, currency, or security, and Turkmenistan adopted an electronic visa law in April last year.
- Turkmenistan's economy depends on gas exports, with China as its main importer and a pipeline planned to Afghanistan, Pakistan and India.
- Since gaining independence in 1991, Turkmenistan has maintained strict entry requirements but introduced electronic visas in April last year to simplify foreign entry.
41 Articles
41 Articles
Associated Press News
Turkmenistan, one of the world’s most closed nations, legalizes crypto mining and exchanges
Turkmenistan has officially legalized mining and exchanging cryptocurrency, marking a major shift for its tightly-controlled economy.
Turkmenistan Legalizes Crypto Elements Under Tight Control
Turkmenistan just legalized crypto mining and exchanges this year, marking a sharp policy shift for one of the world’s most closed economies and fulfilling legislation that was accepted in November, 2025. President Serdar Berdimuhamedov signed the Law on Virtual Assets, bringing digital assets under civil law for the first time. The legislation creates a licensing regime for miners, exchanges, and custodial services overseen by the Central Bank…
Turkmenistan Legalizes Crypto Mining, Exchanges to Boost Economy
Turkmenistan has taken a significant step towards embracing the digital economy by officially enacting the Law on Virtual Assets, which legalizes cryptocurrency mining and crypto exchanges. This move is aimed at boosting economic development and attracting foreign investment, marking a notable shift in the country’s approach to digital assets. President Serdar Berdimuhamedov signed the law into… Source
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