Bitcoin (BTC) and cryptocurrencies started 2026 with weak performance.
While Bitcoin remains below $90,000 and Ethereum below $3,000, Turkmenistan, a neighboring country, has legalized cryptocurrencies.
Accordingly, Turkmenistan’s long-awaited cryptocurrency mining law officially came into effect in November after receiving approval from parliament and the presidency.
A law signed by Turkmen President Sardar Berdimuhamedow in late November 2025 came into effect on January 1, legalizing cryptocurrency mining and cryptocurrency exchanges.
The law permits mining, including through pools, and also allows non-Turkmenistani citizens to mine cryptocurrency in the country after registering.
The law in question mandates that licensed exchanges comply with KYC/AML and cold storage regulations.
Finally, the law also clarifies that cryptocurrencies like Bitcoin are not legal tender, currency, or security in Turkmenistan.
In conclusion, this law marks a significant turning point in the country’s approach to digital assets.
*This is not investment advice.
