Turkmenistan legalises crypto mining and exchanges in shift for economy
Legislation signed by President Serdar Berdimuhamedov establishes a licensing scheme overseen by country’s central bank.

Legislation signed by President Serdar Berdimuhamedov establishes a licensing scheme overseen by country’s central bank.



![Residents in Hood County, Texas describe the 24/7 hum of cooling fans of a nearby crypto mining facility as “torture,” while operators defend the project as a major jobs and tax boost. [Al Jazeera]](/wp-content/uploads/2025/12/image-1766421535.jpg?resize=770%2C513&quality=80)
![Bitcoin has lost $1.2 trillion in market value over the last six weeks [File: Dado Ruvic/Reuters]](/wp-content/uploads/2025/11/2025-11-18T105107Z_1670925093_RC2KCBA02VPW_RTRMADP_3_FINTECH-CRYPTO-BITCOIN-1763482151.jpg?resize=770%2C513&quality=80)
![Chinese national Zhimin Qian, alias Yadi Zhang, who was convicted for her role in a multibillion-dollar Bitcoin fraud [Photo by Metropolitan Police/AFP]](/wp-content/uploads/2025/11/AFP__20251111__83NM6WH__v1__HighRes__FilesBritainChinaCrime-1762917274.jpg?resize=770%2C513&quality=80)
![Donald Trump speaks at the Bitcoin 2024 Conference in Nashville, Tenn. [File: Mark HumphreyAP]](/wp-content/uploads/2025/01/AP24316659779468-1737411241.jpg?resize=770%2C513&quality=80)


Cryptocurrency entrepreneur faces up to 25 years in prison over the $40bn collapse of the TerraUSD and Luna tokens.
White House features crypto industry leaders investigated by the government, as critics highlight Trump’s crypto ties.
Advocates hope House bills will bring decentralised currency into US mainstream as Trump pushes ‘crypto week’.
A number of important digital asset laws are set to be voted on in the US this week.
If passed, it will establish for the first time a regulatory regime for stablecoins, a fast-rising financial product.
Experts say financial illiteracy, lax regulations, greed, economic hardship make people susceptible to scam companies.
Attempted abductions of ‘crypto tycoons’ are becoming more frequent and insurance companies are cashing in.

US President Donald Trump’s move to relax laws around cryptocurrency while promoting his own coins has been criticised.
Praise follows conflict of interest concerns after Trump launches his own coin and hosts a dinner for his investors.
Bitcoin has surged 60 percent since Trump’s re-election in November 2024, reaching current highs of $111,000.