Current Affairs - International - Discussion

Turkmenistan has introduced a significant economic reform by legalizing cryptocurrency mining and exchanges starting January 2026. The move reflects a cautious shift toward digitalization in one of the world’s most tightly controlled economies. The new law brings virtual assets under civil legislation and establishes a licensing framework regulated by the central bank, ensuring strong state oversight. Although cryptocurrencies will not be treated as legal tender or currency, the reform aims to reduce dependence on natural gas exports and attract technological investment. This development signals limited economic modernization while maintaining strict control over financial and digital activities.