Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
Turkmenistan Passes Law to Regulate Crypto Market: Report

Turkmenistan Passes Law to Regulate Crypto Market: Report

Coinspeaker2025/11/27 16:00
By: By Godfrey Benjamin Editor Hamza Tariq
BTC-0.36%FIU0.00%
Turkmenistan’s President Serdar Berdymukhamedov has signed a law that legalizes and regulates crypto operations.

Key Notes

  • Turkmenistan has taken a step towards regulating the crypto ecosystem in its region.
  • President Serdar Berdymukhamedov signed a law that will come into force on January 1.
  • In the Central Asia region, Kyrgyzstan recently launched a national stablecoin in partnership with Binance.

The Central Asia nation, Turkmenistan, has passed a law that legalizes and regulates digital assets.

In a November 28 report, it was stated that the country will now begin to issue licences to cryptocurrency exchanges and crypto mining companies.

The law, which was signed by President Serdar Berdymukhamedov, will come into force on January 1.

Turkmenistan Crypto Legislation Goes Live on Jan. 1

The Neutral Turkmenistan newspaper reported that Turkmenistan’s President, Serdar Berdymukhamedov, has signed a new law that regulates crypto activities.

According to a spokesperson, this new law will regulate several crypto-related activities. This includes the creation, storage, placement, use, and circulation of virtual assets in the country.

It also defines the assets’ legal and economic status. This comes as the country intensifies efforts towards diversifying its economy beyond exports of natural gas, which it is well known for.

The authorities in this region are hopeful that it will “help attract investment and stimulate digitalization.”

Turkmenistan’s new legislation puts a structure to the organizational basis for activities involving virtual assets in the country.

The document provides clarity on its crypto jurisdiction. In other words, its provisions do not extend to securities, currency, electronic money, bank deposits, or gambling activities.

It also introduced official definitions for key terms such as blockchain, digital and Non-fungible Tokens (NFTs), mining, mining equipment, smart contracts, and virtual asset service providers.

The signed law is scheduled to become effective on January 1, 2026 kickstarting the new year on a fresh start.

Kyrgyzstan Takes a Bold Step on Crypto

Apart from Turkmenistan, another Asian nation that has been pushing its crypto boundaries is Kyrgyzstan.

Back in September, the parliament of the former Soviet Central Asian republic moved forward with legislation that would create a state cryptocurrency reserve and establish comprehensive digital asset regulations.

The government of Kyrgyzstan had previously shown interest in working with Binance and its former chief executive, Changpeng Zhao.

The plan was to develop a cryptocurrency policy, including a roadmap for the creation of a strategic Bitcoin reserve.

Although it was not later specified whether the legislation included advisory input from CZ or any other crypto industry key player.

Kyrgyzstan also secured a position as a regional leader in the digital asset sector recently. It launched a national stablecoin in partnership with leading cryptocurrency exchange Binance.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The Emergence of ZK Innovations and Vitalik's Perspective on the Next Phase of Web3

- The ZK market is projected to grow from $1.28B to $7.59B by 2033, driven by Vitalik Buterin's vision for Ethereum's ZK-centric scalability and privacy. - Ethereum's 2025–2027 roadmap prioritizes ZK efficiency via GKR protocol and streamlined rollups, enabling 43,000 TPS and 15x faster verification. - Projects like zkSync (27M monthly transactions) and StarkNet (BTCFi integration) demonstrate ZK's scalability, while Polygon zkEVM focuses on EVM compatibility and cost reduction. - Regulatory challenges (Mi

Bitget-RWA2025/11/29 10:38
Ethereum Updates: Mutuum’s $20 Million Presale Reflects Positive Crypto Sentiment as Ethereum Approaches Crucial Support Level

- Ethereum nears $2,850 support zone with analysts predicting potential $9,000 rally via three-wave price pattern. - Mutuum Finance (MUTM) raises $19M in presale at $0.035, projecting 200-400% growth ahead of Q4 2025 launch. - Crypto market shows cautious optimism with 0.6% rise to $3.1T cap, 80/100 top coins gaining amid Bitcoin's $87,788 range. - Solana surges 2.1% to $139, securing top 10 market cap position while institutional adoption accelerates. - Mutuum's DeFi protocol roadmap includes ETH/USDT col

Bitget-RWA2025/11/29 10:36
Bitcoin News Update: Regulation Meets Speculation as BlockchainFX Overtakes Major Players in Crypto Presale Competition

- BlockchainFX raised $12M in presale, surpassing Bitcoin Hyper and BlockDAG, driven by regulatory compliance and 70% token bonuses. - The project secured Anjouan's international trading license, attracting risk-averse investors with its audited live platform and 18,400 early participants. - Aggressive incentives like BF70 code and $500K Gleam giveaways intensified participation, contrasting peers' waning momentum due to speculation and dilution concerns. - Analysts highlight BlockchainFX's utility-focused

Bitget-RWA2025/11/29 10:36

Trending news

More
1
VC Kara Nortman made an early investment in women’s sports, and today she is actively shaping the industry.
2
The Emergence of ZK Innovations and Vitalik's Perspective on the Next Phase of Web3

Crypto prices

More
Bitcoin
Bitcoin
BTC
$90,614.56
-1.33%
Ethereum
Ethereum
ETH
$3,001.58
-1.89%
Tether USDt
Tether USDt
USDT
$1
+0.05%
XRP
XRP
XRP
$2.19
-1.78%
BNB
BNB
BNB
$879.9
-1.91%
Solana
Solana
SOL
$136.99
-3.68%
USDC
USDC
USDC
$1
+0.02%
TRON
TRON
TRX
$0.2810
+0.06%
Dogecoin
Dogecoin
DOGE
$0.1491
-2.13%
Cardano
Cardano
ADA
$0.4172
-3.43%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter