#What is the New Legal Framework for Crypto in Turkmenistan?
Turkmenistan has officially recognized the legitimacy of crypto-mining and exchange activities through a newly enacted law. This legislative move introduces comprehensive regulations aimed at controlling the operations surrounding digital assets in the country.
The legislation, known as the Law of Turkmenistan on Virtual Assets, was signed by President Serdar Berdimuhamedov in November 2025. Its primary objectives include fostering a secure ecosystem for digital asset transactions, minimizing illicit activities, safeguarding consumer rights, and encouraging innovation within the digital economy.
#Who Needs to Comply with the New Regulations?
Under this law, only authorized entities can issue, manage, or facilitate the exchange of digital assets. Such entities must operate under the continuous oversight of both the Cabinet of Ministers and the Ministry of Finance and Economy. They are required to adhere to rigorous regulatory standards and undergo regular inspections to ensure compliance.
Additionally, the legislation explicitly forbids any unlicensed operations in the cryptocurrency sector, thereby empowering regulators to revoke or suspend licenses should any infractions occur.
#Are Digital Assets Considered Legal Tender?
While digital assets have been legalized for various activities, the law clarifies that they do not hold status as legal tender, securities, or payment methods. However, residents may acquire, retain, and utilize these assets as a form of digital property. Participants in this sector must remain compliant with national laws, including fulfilling their tax responsibilities and ensuring that digital assets are not employed for illegal activities. Understanding these regulations will be crucial for anyone involved in the cryptocurrency landscape in Turkmenistan.