Key Provisions of the New Legislation
- •Turkmenistan legalizes cryptocurrency mining and trading effective January 1, 2026.
- •Citizens will be permitted to mine, trade, and store cryptocurrencies.
- •The use of cryptocurrencies for payments remains prohibited.
- •The new framework aligns with the regulated approaches adopted by Uzbekistan and Kazakhstan.
Framework for Digital Asset Operations
Effective January 1, 2026, cryptocurrency mining and trading will be fully legalized in Turkmenistan. Local newspaper Neutral Turkmenistan reported earlier this week that President Serdar Berdimuhamedow signed new legislation establishing the framework for the issuance, storage, and trading of digital assets.
Under the new law, citizens of Turkmenistan will gain the ability to mine, trade, and store cryptocurrencies. However, the use of these digital assets as a means of payment will not be permitted.
To engage in cryptocurrency mining, users will be required to register with the country's Central Bank. The legislation also addresses shadow mining, which involves utilizing another party's infrastructure without authorization.