[Turkmenistan Passes Cryptocurrency Regulation Law, Effective from 2026 and Under Strict State Control] Odaily Planet Daily News – Turkmenistan President Serdar Berdimuhamedov has signed a new law aimed at regulating the cryptocurrency industry, which will take effect in 2026. This move marks a significant policy shift for one of the world's most closed economies. The law legalizes cryptocurrency trading but establishes strict requirements for licensing cryptocurrency exchanges and custodial services, Know Your Customer (KYC), Anti-Money Laundering (AML), and cold storage, while prohibiting credit institutions from offering crypto services. The state has the authority to suspend, revoke, or force the return of token issuances. Additionally, cryptocurrency mining and mining pool operations must be registered, and secret operations are prohibited. The law also states that the country's central bank may authorize distributed ledgers or operate its own ledger, potentially forcing citizens to use licensed and monitored infrastructure. The law explicitly stipulates that cryptocurrencies are neither legal tender nor currency or securities in Turkmenistan and categorizes digital assets into two types: supported and unsupported. (Cointelegraph)