Turkmenistan Legalizes Crypto: Exchanges Require Licensing for New Regulations

Turkmenistan has officially legalized virtual assets, including cryptocurrencies, with a new law enacted by President Serdar Berdimuhamedov on November 28th, 2025. The landmark legislation takes effect in January 2026 and outlines the legal framework for managing digital assets, including licensing requirements for cryptocurrency exchanges. The new regulation will strictly restrict crypto use for payments but opens doors for potential institutional investment.