Overview
- The Law of Turkmenistan on Virtual Assets, signed in November 2025, took effect Thursday following its official publication.
- Mining, issuance, custody, and exchange are permitted only for licensed companies, with unlicensed activity prohibited.
- Regulators can conduct inspections and suspend or revoke licenses for violations under the enforcement powers set out in the law.
- Licensed operators report to the Cabinet of Ministers and the Ministry of Finance and Economy, reflecting centralized supervision.
- Digital assets are treated as property rather than legal tender or payment instruments, and authorities stress tax compliance and preventing unlawful use, with no approvals announced for foreign exchanges.