Turkmenistan Legalizes Cryptocurrency Mining and Trading by 2026 Under Strict Regulations
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Policy Change: Turkmenistan officially legalizes cryptocurrency mining and trading starting January 1, 2026, marking a significant step in attracting foreign capital while reducing reliance on natural gas revenues.
- Strict Regulatory Framework: The new law mandates that all companies engaging in mining and trading must obtain licenses from the central bank or designated state authorities, ensuring that all activities remain under state oversight, reflecting a commitment to financial stability.
- Cryptocurrency Definition: Under the new legislation, cryptocurrencies are classified as digital property rather than legal tender, prohibiting their use for everyday payments and official transactions, thereby limiting their role to investment and trading to control market risks.
- Compliance Requirements: The law imposes strict KYC and AML standards, banning anonymous wallets and privacy transactions, ensuring that all crypto activities are traceable, which further strengthens regulatory oversight of financial activities.
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.
