Turkmenistan Legalizes Crypto Mining and Exchanges, Paving Way for Economic Growth

Turkmenistan Legalizes Crypto Mining and Exchanges

On January 1, 2026, Turkmenistan officially legalized cryptocurrency mining and exchanges, marking a significant shift in the country's economic policy. This legislation, signed by President Serdar Berdimuhamedov, establishes a legal framework for virtual assets, categorizing them as property rather than legal tender or securities. The law mandates that all cryptocurrency mining and exchange operations must register with the Central Bank of Turkmenistan and comply with anti-money laundering regulations. This move aims to attract foreign investment and promote economic development while maintaining strict government oversight.

"The legalization of cryptocurrencies has significantly boosted economic growth in developing countries by improving financial inclusion and creating the legal clarity essential for attracting digital foreign direct investment." - Muhammad Rheza Ramadhan, Economist

Despite this progress, cryptocurrencies are explicitly not recognized as legal tender, which limits their use in everyday transactions. The government retains control over the licensing process, and the operational reality for miners remains challenging due to strict internet regulations and high compliance costs. Observers note that while this step represents a cautious modernization effort, it does not equate to a liberalization of the economy.

Key Takeaways:

• Turkmenistan has legalized crypto mining and exchanges as of January 1, 2026.
• Cryptocurrencies are classified as property, not legal tender.
• All operations must register with the Central Bank and comply with regulations.

PepeNode: Democratizing Mining for All

In the evolving landscape of cryptocurrency, PepeNode emerges as a disruptive GameFi project aimed at democratizing the mining process. With the recent legalization of crypto mining in Turkmenistan, PepeNode offers a "Mine-to-Earn" model that allows users to operate and manage digital mining nodes within a virtual ecosystem. This innovative approach eliminates the technical and financial barriers typically associated with traditional mining, making it accessible to a broader audience.

Participants can build and upgrade virtual mining facilities during the presale phase, generating immediate rewards. The project features a deflationary system where a significant portion of tokens used for upgrades is permanently burned, enhancing the asset's scarcity. The success of the presale, which has already attracted millions in capital, highlights the growing interest in utility-driven models within the meme sector.

Key Takeaways:

• PepeNode offers a "Mine-to-Earn" concept, democratizing access to mining.
• The project has attracted significant investment during its presale phase.
• Participants can earn rewards in both native tokens and established assets.

Sberbank's Crypto-Backed Loans: A Milestone for Russia

In a groundbreaking development, Sberbank, Russia's largest bank, has issued its first corporate loan backed by cryptocurrency. This pilot project represents a significant milestone for the Russian financial market and the Bitcoin sector. The loan was granted to Intelion Data, a prominent player in the Bitcoin mining industry, marking a shift towards innovative financing models that incorporate digital assets.

The cryptocurrency used as collateral primarily comes from Intelion's own Bitcoin production, which is securely stored using the Rutoken technology, a Russian hardware solution designed to protect digital assets. This initiative signals a growing acceptance of cryptocurrencies within traditional banking frameworks and could pave the way for further innovations in corporate financing.

Key Takeaways:

• Sberbank has issued its first crypto-backed corporate loan to Intelion Data.
• The loan represents a significant step towards integrating digital assets into traditional finance.
• Rutoken technology is used to secure the collateral, ensuring high security standards.

Conclusion

The recent developments in Turkmenistan and Russia highlight a significant shift in the approach to cryptocurrency and blockchain technology in these regions. While Turkmenistan's cautious legalization of crypto mining and exchanges reflects a desire for economic modernization, Sberbank's introduction of crypto-backed loans indicates a growing acceptance of digital assets in traditional finance. These changes could have far-reaching implications for the future of cryptocurrency in Central Asia and beyond.

Sources:

• Turkmenistan öffnet sich plötzlich: Krypto wird jetzt legal
• Turkmenistan legalisiert Kryptowährungs-Mining und -Börsen zur Stärkung der Wirtschaft
• Turkmenistan gibt grünes Licht für Krypto-Mining – Seltene wirtschaftliche Wende
• Bitcoin Miner Cango erhält nach Finanzierungszusage von 10,5 Millionen US-Dollar durch EWCL die Bewertung „stark unterbewertet“
• Turkmenistans Gesetz zum Krypto-Mining tritt nach der Genehmigung im November in Kraft
• Sberbank ermöglicht Krypto-besicherte Firmenkredite: Ein Meilenstein für Russlands Bitcoin-Sektor