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Micronesia vs Turkmenistan

Crypto regulation comparison

← Back to map | Micronesia | Turkmenistan
Micronesia

Micronesia

Turkmenistan

Turkmenistan

No Regulation
Legal

Micronesia has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

Turkmenistan enacted the Law on Virtual Assets effective January 2026, legalizing crypto exchanges and mining under Central Bank licensing. Crypto is treated as property, not legal tender.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Department of Finance and Administration
Regulator Central Bank of Turkmenistan
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Regulated under Virtual Assets Law
Key Points
  • No specific cryptocurrency legislation
  • Uses the US dollar as official currency
  • Very limited financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Key Points
  • Law on Virtual Assets enacted November 2025, effective January 2026
  • Crypto exchanges and mining require Central Bank licensing
  • Crypto treated as property, not legal tender
  • Banks prohibited from directly providing crypto services
  • Low electricity costs attract mining operations
Sources
Sources