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Key Takeaways
- Turkmenistan has passed laws legalizing cryptocurrency use, storage, and circulation, effective January 1.
- The law introduces licensing requirements for both cryptocurrency mining and exchanges in Turkmenistan.
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Turkmenistan has legalized cryptocurrency under new laws that take effect January 1, with President Serdar Berdymukhamedov signing legislation that permits the legal use, storage, and circulation of digital assets within the country.
The new law establishes licensing requirements for cryptocurrency mining and exchanges to create a structured regulatory framework for digital asset operations in Turkmenistan.
The move reflects broader regional trends in Central Asia toward formalizing cryptocurrency governance. Kyrgyzstan has been actively developing its digital asset sector by establishing regulatory frameworks and licensing exchanges as part of efforts to support digital economies.
