Lebanon vs Turkmenistan
Crypto regulation comparison
Lebanon
Turkmenistan
No Regulation
Legal
Lebanon has no specific cryptocurrency legislation. The Banque du Liban issued a 2014 circular warning financial institutions against dealing with digital currencies, but crypto itself is not banned. Amid the severe economic crisis and banking collapse since 2019, crypto adoption has surged as citizens seek alternatives to the devalued Lebanese pound.
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
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
BDL (Banque du Liban)
Regulator
Central Bank of Turkmenistan
Stablecoin Rules
No regulation
Stablecoin Rules
Regulated under Virtual Assets Law
Key Points
- BDL Circular 318 (2014) warned banks against dealing in crypto but did not ban it outright
- No dedicated crypto regulatory framework or licensing regime
- Severe banking crisis and capital controls have driven crypto adoption
- Crypto used as a store of value and remittance channel during economic collapse
- No specific crypto taxation rules in place
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