Turkmenistan Implements Crypto Mining Law Amidst Controversy

Turkmenistan's Law on Virtual Assets took effect on January 1, 2026, marking a pivotal shift in the nation's approach to digital assets. The legislation establishes a legal framework for cryptocurrency mining, trading, and exchanges under the strict oversight of the central bank. President Serdar Berdimuhamedow's approval categorizes virtual assets under civil law and introduces a licensing system.

The MOVE signals a rare opening for crypto-related activities in a country historically known for isolation and stringent capital controls. Critics, however, question the feasibility of mining operations in an environment where internet access remains tightly monitored by the government.

Turkmenistan's decision reflects a cautious yet calculated step toward embracing digital assets, contrasting sharply with its longstanding reputation as one of the world's most isolated nations. The regulatory framework aims to balance innovation with state control, a delicate equilibrium that will shape the future of crypto in the region.