Turkmenistan Opens the Door to Crypto Mining and Trading

[johnblockbuster]

Turkmenistan has officially legalized crypto mining and trading after President Serdar Berdimuhamedow signed a new law that came into force this week. The move marks a significant policy shift for one of the world’s most closed-off economies, allowing both domestic and foreign participants to mine cryptocurrencies once properly registered.

The legislation permits crypto mining pools and licensed exchanges, while stopping short of recognizing crypto as legal tender or a security. By opening the sector, Turkmenistan is signaling interest in diversifying beyond its heavy dependence on natural gas exports — potentially using surplus energy to support mining operations.