Turkmenistan enacts crypto law allowing mining and exchanges to attract foreign investment

Turkmenistan has officially enacted the Law on Virtual Assets, legalizing cryptocurrency mining and exchanges to stimulate economic growth and attract foreign investment. Signed into law in November 2025, the legislation defines virtual assets strictly as property, not legal tender or securities, dividing them into secured and unsecured categories. Crucially, virtual assets cannot be used for payments for goods or services. Both individuals and companies can engage in crypto mining if they register with the Central Bank of Turkmenistan and adhere to technical standards, with covert mining prohibited. The law also permits licensed domestic and foreign entities (excluding those from offshore jurisdictions) to operate crypto exchanges and custodial services, requiring strict adherence to KYC and AML rules, thus banning anonymous transactions.

(Source：CoinDesk)