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Turkmenistan's 2026 Crypto Law Legalizes Mining and Trading but Prohibits Payment Use
Turkmenistan has adopted a "Law on Virtual Assets" that legalizes cryptocurrency mining and exchange activity under central bank oversight, following its signing in late November and implementation on January 1, 2026. The framework introduces licensing, KYC/AML rules, and a ban on anonymous wallets, while keeping cryptocurrencies from being used as legal tender or for domestic payments despite the country's ample but grid-constrained electricity supply.