Turkmenistan legalized cryptocurrency via the Law on Virtual Assets (signed November 28, 2025, effective January 1, 2026). Crypto exchanges and custodial services may operate under Central Bank of Turkmenistan licenses. Mining is permitted with mandatory central bank registration. Digital assets are classified as property (not legal tender or securities), divided into backed and unbacked categories. Anonymous wallets and covert mining are prohibited. Credit institutions are barred from offering crypto services. State retains broad authority to halt, void, or force refunds of token issuances. Internet penetration remains at ~46%, and capital controls limit practical adoption.
| Status | Restricted |
| Risk Score | 95/100 (Very High Risk) |
| Region | central asia |
| Currency | TMT |
| Capital Gains (Personal) | N/A |
| Capital Gains (Corporate) | N/A |
| VAT on Crypto | No |
| Staking Tax | N/A |
| Airdrop Tax | N/A |
No crypto-specific tax guidance available.
| Required | Yes |
| Regulator | CBT |
| Framework | Law on Virtual Assets (Zakon Turkmenistana 'O virtual'nykh aktivakh'), signed November 28, 2025, effective January 1, 2026 |
| Ease | very_complex |
No detailed enforcement information available
| KYC Required | No |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | non_compliant |
| FATF Body | EAG |
| Suspicious-Activity Reporting | No |
Status: Banned
Status: Banned
Status: Banned
| Legal | No |
| Electricity Cost | $0.01/kWh |
| Renewable Energy | 25% |
| Infrastructure | poor |
Cryptocurrency mining is banned in Turkmenistan. Electricity is very cheap but infrastructure for mining and data centers is poor. The arid climate increases cooling costs if mining were allowed.
| Stability | unstable |
| Sanctions | No |
| Corruption Index | 19/100 |
| Banking Access | very_restricted |
| Sanctions Program Active | No |
Risk Factors
Turkmenistan is an authoritarian state with very limited internet freedom and a highly restricted banking environment. Political stability is low due to regime control and repression. The country is not under international sanctions but has significant risks for crypto businesses.
Turkmenistan legalized cryptocurrency via the Law on Virtual Assets (signed November 28, 2025, effective January 1, 2026). Crypto exchanges and custodial services may operate under Central Bank of Turkmenistan licenses. Mining is permitted with mandatory central bank registration. Digital assets are classified as property (not legal tender or securities), divided into backed and unbacked categories. Anonymous wallets and covert mining are prohibited. Credit institutions are barred from offering
Turkmenistan is classified by FATF as: non_compliant.
Yes, licensing is required for VASPs.
KYC is not universally mandated.
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Explore IT Services →Last reviewed: 2026-09-24 · Data source: Soken Crypto Legal Map
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