- Turkmenistan has legalized crypto mining and trading through a new national law
- Only licensed companies can operate, under strict government supervision
- Crypto is treated as digital property, not legal tender or payment
Turkmenistan has officially legalized cryptocurrency mining and trading after adopting a new law that creates a formal regulatory framework for digital assets. The move marks a notable shift for the country, which has historically maintained tight controls over financial activity and internet access.
The legislation, titled “Law of Turkmenistan on Virtual Assets,” was signed by President Serdar Berdimuhamedov in November 2025 and is designed to regulate crypto operations while supporting technological development and digital economic growth.
What the New Crypto Law Covers
Under the new framework, crypto exchanges, custodians, and mining operations are now allowed to operate legally, but only if they obtain government licenses. All licensed entities will be supervised by the Cabinet of Ministers and the Ministry of Finance and Economy, and must meet strict operational and compliance standards.
The law gives regulators broad authority to conduct inspections and enforce rules. Any unlicensed crypto activity is explicitly prohibited, and regulators can suspend or revoke licenses if violations are detected.
Digital Assets Allowed, But Not as Money
While the law legalizes crypto activity, it draws a clear line on how digital assets can be used. Cryptocurrencies are not recognized as legal tender, securities, or an official means of payment. Instead, they are classified as digital property.
Residents are permitted to acquire, hold, and use virtual assets, but all activity must comply with national laws, including tax obligations. The framework also emphasizes preventing the use of crypto for unlawful purposes.
Why This Matters
Turkmenistan’s decision places it among a growing group of countries choosing regulation over outright bans. By introducing licensing, oversight, and legal clarity, the government appears to be aiming for controlled adoption rather than unrestricted crypto use.
For miners and crypto businesses willing to operate within strict regulatory boundaries, the law opens the door to a new, though tightly managed, market.
