Overview
- President Serdar Berdimuhamedov signed the digital-asset law, which becomes effective on January 1, 2026.
- Exchanges and custodial platforms must be licensed with strict KYC/AML compliance and mandatory cold storage, while banks are barred from offering crypto services.
- The Central Bank can authorize or operate distributed ledgers, and the government can halt, void, or require refunds of token issuances.
- Mining and mining-pool operations must register with the Central Bank, with hidden or covert mining explicitly prohibited.
- Digital assets are not legal tender and are classified as backed or unbacked, with marketing restrictions and a proposed State Commission and 2026–2030 roadmap signaled for implementation.