Turkmenistan has adopted a law on virtual assets and cryptocurrency mining, regulating the handling of digital assets, their registration, licensing, and oversight.
Coordination and supervision are carried out by the Cabinet of Ministers, the Ministry of Finance and Economy, the Ministry of Communications, the Ministry of Energy, other central executive authorities, and local executive bodies within their competence.
The Central Bank of Turkmenistan will handle registration, verification of market participants, maintenance of the state registry, and issuance of licenses for specific activities related to virtual assets.
All entities engaged in mining, token issuance, cryptocurrency creation, or virtual asset exchange operations must register.
Mining is permitted only for registered legal entities and individual entrepreneurs. Registration is conducted online, after which miners receive a registration certificate with unlimited validity and a QR code. Applicants must pay a fee, own the required equipment, maintain an active wallet, ensure a stable electricity supply, and comply with safety rules for the premises where mining equipment is installed.
The law prohibits the use of words such as “state,” “Turkmenistan,” “Turkmen,” “Turkmenian,” and “national” in the names of companies dealing with virtual assets. The terms “virtual asset,” “cryptocurrency,” or “digital asset” cannot be used in company names or advertising, except by miners and virtual asset service providers.
Advertising of virtual assets must include a risk warning, including potential loss of funds, technical failures, and unlawful actions. The state does not guarantee the safety of digital assets.
The law takes effect Jan. 1, 2026. The full text of Turkmenistan’s Law on Virtual Assets is available via link.
30635-90x604.jpg)
30625-90x604.jpeg)
_(1)30624-90x604.jpg)
