Published
11/28/2025, 17:42Turkmenistan President Serdar Berdimuhamedov signed a law “On Virtual Assets,” which officially allows cryptocurrency mining and cryptocurrency exchange activities in the country starting January 1, 2026. This was reported by FinTech & Retail Eurasia with reference to the state newspaper Neutral Turkmenistan.
The document provides detailed definitions of mining, blockchain, digital tokens, and crypto exchanges, and also establishes the status of virtual assets as independent objects of civil rights. However, they are not recognized as a means of payment, currency, or security in the republic.
The law provides for the possibility of issuing and publicly placing virtual assets by local economic entities to attract investment, but such activities are only permitted after registration with a specially designated state agency. Cryptocurrency exchanges must operate as legal entities and ensure the protection of personal data and client funds.
The right to mine is granted to legal entities and individual entrepreneurs, including non-residents, subject to mandatory state registration. The use of equipment without the owner's consent (hidden mining) is prohibited. The Cabinet of Ministers is not responsible for the depreciation or loss of virtual assets and is not liable for the obligations of service providers.
The law prohibits the use of names and symbols associated with the state, including the words “Turkmenistan” and “state,” by all miners, crypto exchanges, and other market participants.
