Key Takeaways
- Turkmenistan has legalized crypto mining and exchange operations under a new legal framework.
- The law introduces licensing rules for exchanges, custodians, and miners, effectively legalizing the sector under strict oversight.
Mining and exchanging cryptocurrencies is now legal in Turkmenistan, following the adoption of a new law that establishes a formal regulatory framework for digital asset operations.
Signed by President Serdar Berdimuhamedov in November 2025, the legislation, “Law of Turkmenistan on Virtual Assets,” introduces licensing rules for exchanges, custodians, and miners. It aims to ensure the secure circulation of digital assets, prevent unlawful activities, protect user rights, and promote technological innovation and digital economic development.
Under the new law, only licensed companies are permitted to issue, manage, or exchange digital assets. These organizations operate under the direct supervision of the Cabinet of Ministers and the Ministry of Finance and Economy, and must meet stringent regulatory standards while undergoing periodic state inspections.
The law strictly prohibits any unlicensed activity in the sector, granting regulators the authority to suspend or revoke licenses in the event of violations.
Although digital assets are not recognized as legal tender, securities, or a means of payment, the law allows residents to acquire, hold, and use virtual assets as a form of digital property.
Participants must comply with national legislation, fulfill tax obligations, and ensure that virtual assets are not used for unlawful purposes.