Turkmenistan Legalizes Cryptocurrency Mining and Trading, Opening Economic Avenues
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 02 2026- Legal Transformation: Turkmenistan has officially legalized cryptocurrency mining and trading under new legislation signed by President Serdar Berdimuhamedow, marking a significant shift towards economic diversification beyond its reliance on natural gas exports.
- Investment Attraction: The new regulations permit both residents and non-residents to mine cryptocurrencies, aiming to leverage the country's extensive energy infrastructure to attract foreign investment and stimulate economic growth.
- Compliance Requirements: Cryptocurrency exchanges must obtain licenses and implement Know-Your-Client (KYC) and anti-money laundering (AML) standards, ensuring a regulated environment for digital asset trading, even though cryptocurrencies are not recognized as legal tender.
- Regional Trend: Turkmenistan's move aligns with the rising trend of cryptocurrency mining in neighboring Kazakhstan, although the government's tight control over internet access and financial activities may hinder broader adoption.
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.
