Turkmenistan officially legalizes Bitcoin mining and cryptocurrency exchanges

2026-01-04 01:32:29

Source: PortaldoBitcoin Original Title: Turkmenistan legalizes cryptocurrencies, Bitcoin mining, and exchange activities Original Link: Bitcoin mining and cryptocurrency exchanges officially recognized in Turkmenistan, as a result of the country’s recently enacted “Virtual Assets Law.” The legislation was signed by President Serdar Berdimuhamedov on November 28, aiming to promote economic development.

The new legal framework stipulates that virtual assets cannot be used as a means of payment and must be regarded as property and investment objects. The law also distinguishes between two types of assets: secured assets (backed by an underlying asset) and unsecured assets (such as Bitcoin).

Mining activities will be open to individuals and businesses, provided they register with the Central Bank of Turkmenistan. The law also sets technical standards for mining operations and prohibits illegal mining methods.

Cryptocurrency exchanges can operate after obtaining authorization from the Central Bank. Foreign companies can also participate in this business, but their headquarters cannot be located in offshore jurisdictions. Exchanges must implement measures to prevent money laundering, enforce Know Your Customer (KYC) policies, and prohibit the use of anonymous wallets.

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