Turkmenistan Legalizes Crypto Mining Under Strict Government Control
Turkmenistan has partially legalized cryptocurrency mining and trading under a new law effective January 1, 2026, though it strictly prohibits the use of digital assets for payments. The legislation, signed by President Serdar Berdimuhamedov, permits individuals and institutions to mine cryptocurrencies using government-registered equipment and with official licenses. All activities are overseen by the Central Bank, which must approve projects and wallets. The move aims to diversify state income beyond natural gas exports by leveraging cheap electricity for mining revenue, while maintaining tight control to protect the national currency and prevent capital flight.
TheNewsCrypto01/02 14:03
