Turkmenistan Legalizes Crypto Mining and Trading – From Natural Gas to Digital Assets

Turkmenistan, widely known as Central Asia’s key exporter of natural gas, is now positioning itself as an emerging player in the cryptocurrency world. On January 1, 2026, the country officially implemented a new law on virtual assets that legalizes both the trading and mining of cryptocurrencies. This move marks a significant shift in Turkmenistan’s financial ecosystem.

A Game-Changing Law In November 2025, President Serdar Berdimuhamedov signed the “Law of Turkmenistan on Virtual Assets.” This legislation introduces a strict and structured framework for crypto exchanges, custodians, and miners. All entities operating in the crypto space must now obtain a license and are subject to oversight by the Cabinet of Ministers and the Ministry of Finance and Economy. 🔹 Only licensed entities may issue, process, or trade digital assets

🔹 Regular supervision aims to protect consumers and curb illicit activities

🔹 Regulators hold authority to suspend or revoke licenses for non-compliance The law seeks to promote technological innovation while ensuring the safety of Turkmen citizens and the integrity of financial operations.

Is Turkmenistan Opening Up to Crypto? This legal move represents a dramatic shift from Turkmenistan’s previous stance on digital technologies. The country has long been known for tight governmental control, a closed economy, and limited internet access. Legalizing crypto signals a new direction aimed at modernizing the economy and expanding beyond fossil fuels. Globally, Turkmenistan isn’t alone. Pakistan, for instance, has shown interest in launching state-supported Bitcoin mining. However, its proposal was rejected by the IMF due to plans to use subsidized electricity. Turkmenistan, on the other hand, seems committed to moving forward, with or without Western support.

Crypto Under Watchful Eyes Despite the massive potential, some experts remain cautious. Turkmenistan has one of the world’s strictest internet censorship regimes, and crypto mining and trading could still be subject to heavy monitoring and restrictions. The legalization may therefore be more of a controlled digital expansion rather than full liberalization. Regardless of the motive, Turkmenistan has now firmly joined the list of nations taking a proactive stance in the crypto revolution.

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