Turkmenistan Legalizes Crypto Mining, Aiming for Economic Diversification
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 02 2026- Legal Implementation: A new law signed by President Berdimuhamedow in late November allows crypto mining and trading in Turkmenistan, marking a significant step towards economic diversification and reducing reliance on natural gas exports.
- Foreign Investment Access: The law permits non-Turkmen residents to mine crypto upon registration, potentially attracting foreign investment and international mining pools, thereby enhancing the country's competitiveness in the global crypto market.
- Regulatory Requirements: Crypto exchanges in Turkmenistan must secure licenses and implement Know-Your-Customer and Anti-Money Laundering checks, which will increase market transparency and reduce financial risks, although crypto is still not recognized as legal tender.
- Market Outlook: Despite Kazakhstan's emergence as a Bitcoin mining hub, the pace of crypto adoption in Turkmenistan may be slower due to strict government controls on internet access and limited foreign investment appeal.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
