President of Turkmenistan Serdar Berdimuhamedow has signed the “On Virtual Assets” law, which will officially legalise cryptocurrency mining and exchange activities in the country from 1 January 2026.
The legislation defines virtual assets as objects of civil rights, while explicitly stating that they are not legal tender or official currency.
This approach reflects Ashgabat’s cautious yet deliberate strategy of embracing new technologies without destabilising the national financial system.
Under the law, both individual entrepreneurs and companies will be permitted to conduct mining operations, provided they register with the Central Bank and comply with safety requirements.
This framework effectively prohibits unauthorised or hidden mining, allowing the state to control cryptocurrency production volumes and mitigate potential risks to the energy infrastructure.
At the same time, crypto exchanges and other virtual asset service providers will operate only under Central Bank licensing, and wallet creation will require full client identification, aligning Turkmenistan with international standards for anti-money laundering and counter-terrorism financing.
The law also imposes restrictions on the use of terms such as “Turkmenistan,” “state,” or “national” in the names of crypto projects.
Advertising of digital assets must include risk warnings and may not present cryptocurrency operations as guaranteed or easy income.
The government explicitly disclaims responsibility for any potential loss or devaluation of digital assets, reflecting a pragmatic regulatory approach that encourages investors to make informed decisions.
Experts view the new law as part of Turkmenistan’s broader strategy to develop a digital economy and establish a transparent, controlled legal framework for virtual asset technologies.
This move is consistent with global trends towards the legalisation and regulation of cryptocurrencies and digital financial instruments, while maintaining state oversight to protect both citizens and businesses.
Against this backdrop, in mid-November, the international company group INTEGRA CITY presented its digital solutions for “smart” and sustainable cities at the Turkmentel 2025 international exhibition in Ashgabat.
The event highlights Turkmenistan’s efforts to combine technological innovation with regulatory modernisation, opening new opportunities for investment and the integration of advanced solutions into the country’s economy.
Tensions between Washington and Tehran have found a new focal point regarding border control, as the Iranian government confirmed on Sunday that a fre...
Azerbaijan's Minister of Foreign Affairs Jeyhun Bayramov held both a tête-à-tête and an extended-format meeting with Seyed Abbas Araghchi, the Fore...
Tens of millions of people in urgent need of help won't be getting much assistance next year. That's according to the United Nations which launched a ...
Emergency crews were deployed to the northeastern Ukrainian city of Okhtyrka on Monday morning after a residential high-rise was devastated by a Russi...
Nigerian authorities says they've rescued a 100 children after gunmen abducted 303 pupils and 12 teachers from a Catholic school in Papiri on 21 Novem...
Emergency crews were deployed to the northeastern Ukrainian city of Okhtyrka on Monday morning after a residential high-rise was devastated by a Russian drone barrage, leaving several civilians wounded as the conflict approaches the end of its fourth year.
Tensions between Washington and Tehran have found a new focal point regarding border control, as the Iranian government confirmed on Sunday that a fresh wave of nationals expelled from the United States is due to arrive within days.
Azerbaijan's Minister of Foreign Affairs Jeyhun Bayramov held both a tête-à-tête and an extended-format meeting with Seyed Abbas Araghchi, the Foreign Minister of Iran, in Baku on Monday (8 December).
Tens of millions of people in urgent need of help won't be getting much assistance next year. That's according to the United Nations which launched a $23 billion aid appeal on Monday (8 December) which is half of last year's request, acknowledging a plunge in donor funding.
A coup attempt by a “small group of soldiers” has been foiled in Benin after hours of gunfire struck parts of the economic capital Cotonou, officials said on Sunday.
A delayed local vote in the rural Honduran town of San Antonio de Flores has become a pivotal moment in the country’s tightest presidential contest, with both campaigns watching its results as counting stretches into a second week.
FIFA releases the 2026 World Cup schedule with match dates, venues, and key fixtures. See when host nations USA, Mexico, and Canada play and get an overview of group stage and knockout rounds.
Lava fountains shot from Hawaii’s Kīlauea volcano from dawn to dusk on Saturday, with new footage showing intensifying activity at the north vent.
McLaren’s Lando Norris became Formula One world champion for the first time in Abu Dhabi, edging Max Verstappen to the title by just two points after a tense season finale.
U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
European Union ministers will urge senior U.S. trade officials to implement more elements of the July EU–U.S. trade deal on Monday, including cutting tariffs on EU steel and lifting duties on goods such as wine and spirits.
Google has announced a major update for its Pixel 10 series: owners can now send and receive files with Apple devices using AirDrop, without any collaboration from Apple. The new functionality applies to iPhones, iPads, and macOS devices, though for now it is limited to the Pixel 10 line.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment