Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Turkmenistan Passes Law to Regulate Crypto Market: Report

Turkmenistan Passes Law to Regulate Crypto Market: Report

CoinspeakerCoinspeaker2025/11/27 16:00
By:By Godfrey Benjamin Editor Hamza Tariq

Turkmenistan’s President Serdar Berdymukhamedov has signed a law that legalizes and regulates crypto operations.

Key Notes

  • Turkmenistan has taken a step towards regulating the crypto ecosystem in its region.
  • President Serdar Berdymukhamedov signed a law that will come into force on January 1.
  • In the Central Asia region, Kyrgyzstan recently launched a national stablecoin in partnership with Binance.

The Central Asia nation, Turkmenistan, has passed a law that legalizes and regulates digital assets.

In a November 28 report, it was stated that the country will now begin to issue licences to cryptocurrency exchanges and crypto mining companies.

The law, which was signed by President Serdar Berdymukhamedov, will come into force on January 1.

Turkmenistan Crypto Legislation Goes Live on Jan. 1

The Neutral Turkmenistan newspaper reported that Turkmenistan’s President, Serdar Berdymukhamedov, has signed a new law that regulates crypto activities.

According to a spokesperson, this new law will regulate several crypto-related activities. This includes the creation, storage, placement, use, and circulation of virtual assets in the country.

It also defines the assets’ legal and economic status. This comes as the country intensifies efforts towards diversifying its economy beyond exports of natural gas, which it is well known for.

The authorities in this region are hopeful that it will “help attract investment and stimulate digitalization.”

Turkmenistan’s new legislation puts a structure to the organizational basis for activities involving virtual assets in the country.

The document provides clarity on its crypto jurisdiction. In other words, its provisions do not extend to securities, currency, electronic money, bank deposits, or gambling activities.

It also introduced official definitions for key terms such as blockchain, digital and Non-fungible Tokens (NFTs), mining, mining equipment, smart contracts, and virtual asset service providers.

The signed law is scheduled to become effective on January 1, 2026 kickstarting the new year on a fresh start.

Kyrgyzstan Takes a Bold Step on Crypto

Apart from Turkmenistan, another Asian nation that has been pushing its crypto boundaries is Kyrgyzstan.

Back in September, the parliament of the former Soviet Central Asian republic moved forward with legislation that would create a state cryptocurrency reserve and establish comprehensive digital asset regulations.

The government of Kyrgyzstan had previously shown interest in working with Binance and its former chief executive, Changpeng Zhao.

The plan was to develop a cryptocurrency policy, including a roadmap for the creation of a strategic Bitcoin reserve.

Although it was not later specified whether the legislation included advisory input from CZ or any other crypto industry key player.

Kyrgyzstan also secured a position as a regional leader in the digital asset sector recently. It launched a national stablecoin in partnership with leading cryptocurrency exchange Binance.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Apeing’s approach of targeting early adopters is driving the latest major trend in cryptocurrency investments

- Apeing ($APEING) leads 2025 crypto social feeds with a $0.0001 presale entry offering projected 10,000% ROI via limited whitelist access. - Binance Coin ($BNB), Litecoin ($LTC), Avalanche ($AVAX), and Chainlink ($LINK) gain traction for utility-driven infrastructure and transactional roles. - Market shifts toward community-driven assets follow Binance's legal challenges, with Apeing's meme branding and audit transparency attracting early adopters. - Shiba Inu ($SHIB) and FLOKI ($FLOKI) show resilience th

Bitget-RWA2025/11/29 01:50
Apeing’s approach of targeting early adopters is driving the latest major trend in cryptocurrency investments

Kalshi’s Federal Argument Rejected as Court Upholds State Gambling Laws

- Nevada judge rules Kalshi's sports-event contracts as unlicensed gambling under state law, rejecting its federal derivatives defense. - Market reacts with betting firms like DraftKings and Flutter seeing stock gains, while Kalshi seeks emergency appeal to block enforcement. - Ruling strengthens state regulators' stance, potentially influencing cases in New Jersey, Illinois, and Ohio, highlighting federal-state jurisdiction tensions.

Bitget-RWA2025/11/29 01:50
Kalshi’s Federal Argument Rejected as Court Upholds State Gambling Laws

Investors Turn to Apeing's Organized Approach as Interest in BONK and FLOKI Declines

- Apeing ($APEING) gains traction as a 100x meme coin with a $0.0001 presale price and $0.001 listing target, contrasting with waning momentum in BONK and FLOKI. - The project's whitelist model and controlled supply tiers aim to stabilize speculative dynamics, drawing comparisons to Bitcoin's early adoption curve. - Upbit's $36M hack triggered Korean altcoin volatility, amplifying microcap token interest while GeeFi (GEE) raises $350K in its 80% complete presale. - Bitcoin options show $2B in $80,000 put p

Bitget-RWA2025/11/29 01:50
Investors Turn to Apeing's Organized Approach as Interest in BONK and FLOKI Declines

Solana News Update: XRP Surpasses Solana in ETF Competition While Fee Wars Reshape Financial Contests

- XRP ETFs outpace Solana in inflows due to aggressive fee wars and institutional strategies, accumulating $587M in under 10 days. - Solana proposes doubling disinflation rate to 30% to curb supply-side pressures, but success depends on broader DAT adoption. - Market fragmentation sees yield-driven XRP and staking-focused Solana competing for institutional capital amid ETF redemptions in Bitcoin/Ethereum. - Structural risks like MSCI's treasury reclassifications could trigger $8.8B passive outflows, reshap

Bitget-RWA2025/11/29 01:50
Solana News Update: XRP Surpasses Solana in ETF Competition While Fee Wars Reshape Financial Contests