Turkmenistan legalises crypto mining and exchanges in shift for economy
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Turkmenistan legalized cryptocurrency mining and exchanges in January 2026, marking a significant shift for its gas-dependent economy. President Serdar Berdimuhamedov signed legislation establishing a licensing scheme for cryptocurrency exchanges, overseen by the country's central bank. This move aims to regulate virtual assets under civil law, although digital currencies will not be recognized as legal tender. The former Soviet country, heavily reliant on natural gas exports, is taking steps to digitalize its economy, including the introduction of electronic visas. Turkmenistan, a nation of seven million people with vast natural gas reserves, has historically maintained a policy of isolationism and strict government control.
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