The Turkmenistan cryptocurrency regulation bill has come into effect, legalizing mining and trading

According to Cointelegraph, the cryptocurrency regulation bill signed by the President of Turkmenistan at the end of November has come into effect, marking the official legalization of cryptocurrency mining and trading in Turkmenistan.

Under this law, non-residents of Turkmenistan can also engage in cryptocurrency mining in the country after registration. Cryptocurrency mining pools are also allowed to be established. The law stipulates that cryptocurrency exchanges established in Turkmenistan must obtain a license, establish KYC and anti-money laundering (AML) mechanisms, and meet certain cold storage requirements. Previously, it was reported that Turkmenistan passed the cryptocurrency regulation bill, which will take effect in 2026.