Turkmenistan's Virtual Assets Law Starts 1 January 2026 After November Approval

Turkmenistan's Law on Virtual Assets took effect on January 1, 2026, after parliamentary approval in November and presidential assent in late 2025, creating a legal regime for crypto mining, trading, and exchanges under central bank oversight. The framework keeps crypto use under tight control, bans it for payments, and is expected to support only gradual, limited industry growth, while leveraging excess natural gas for mining and mirroring cautious regulatory trends also seen in Russia's recent mining reforms.