| Key Aspect | Details |
|---|---|
| Event/Highlight | Turkmenistan legalizes cryptocurrency mining and exchanges. |
| Effective Date | January 2026 |
| Legislation Signed By | Serdar Berdimuhamedov |
| Key Provisions | - Virtual assets brought under civil law. |
| - Licensing system for cryptocurrency exchanges introduced. | |
| - Licenses regulated by the Central Bank. | |
| - Cryptocurrencies not recognized as legal tender, currency, or securities. | |
| Economic Context | - Turkmenistan's economy heavily dependent on natural gas exports. |
| - Aims to diversify economy and attract technological investment. | |
| - Maintains strict state oversight over financial activities. | |
| Background | - Former Soviet republic, independent since 1991. |
| - Declared permanent neutrality in 1995. | |
| - Holds world's fourth-largest natural gas reserves. | |
| - Recent steps include e-visas and digital reforms. | |
| Exam Question | Q. Cryptocurrency mining and exchanges in Turkmenistan will be regulated by, |
| A. Ministry of Energy B. Ministry of Finance C. Central Bank D. Parliament | |
| Correct Answer: C. Central Bank |
Workflow
Login
Contact Counsellor