Turkmenistan Enacts Law to License Crypto Mining and Exchanges

On November 28, Turkmenistan President Serdar Berdimuhamedov signed a law establishing a licensing framework for cryptocurrency activities, effective January 1, 2026, enhancing digital asset regulation.

This initiative aims to digitally transform Turkmenistan, promoting foreign investment and aligning with regional trends in cryptocurrency regulation.

Economic Goals and Regional Influence in Digital Assets

The new law, spearheaded by President Serdar Berdimuhamedov, establishes a licensing framework for cryptocurrency mining and exchanges in Turkmenistan. This move marks the country’s official entry into regulating digital assets and represents an effort to standardize the crypto industry’s operations within the nation.

The legislation, effective in 2026, outlines the legal and economic status of virtual assets. It broadly covers components such as cryptocurrencies, digital tokens, and blockchain technology, setting the stage for greater foreign investment and participation in the digital economy.

“This new legislation clarifies the legal and economic status of virtual assets and aims to promote digitalization and attract foreign investment in the country.” – Serdar Berdimuhamedov, President of Turkmenistan

Market Data and Future Insights

Did you know? Turkmenistan’s regulatory move aligns with Central Asian trends, echoing Kyrgyzstan’s recent embrace of national stablecoins, a strategy to diversify economic engagements with digital currencies regionally.

According to CoinMarketCap, Bitcoin (BTC) currently trades at $91,221.66, boasting a market cap of $1.82 trillion. Its 24-hour trading volume stands at $49.48 billion, marking a decrease of 32.64%. Over the past week, Bitcoin has seen a 9.87% price increase, despite a 0.31% dip in the last 24 hours.

The Coincu research team notes that countries implementing such regulatory frameworks often see increased institutional interest, driving clearer compliance standards and enhanced market stability. Turkmenistan’s entry into regulated crypto activities could position the country favorably within the digital economy landscape, contributing to an evolving global financial ecosystem.