Turkmenistan Legalizes Crypto Exchanges and Mining, Maintains Payment Restrictions
Turkmenistan has enacted legislation to legalize cryptocurrency exchanges and mining operations, marking a significant policy shift for one of the world's most isolated nations. The new law, signed by President Serdar Berdymukhamedov in November, took effect January 1st, allowing crypto businesses to register legally.
While embracing mining and trading platforms, the Central Asian nation maintains restrictions on using digital assets as payment methods or securities. The MOVE comes as Turkmenistan seeks to diversify its gas-dependent economy, though state control remains tight over media and internet access.
This development positions Turkmenistan alongside other Central Asian nations exploring crypto frameworks, creating potential new opportunities for mining operations given the country's energy resources. Market observers note the decision could influence regional adoption trends despite the maintained payment restrictions.
