Turkmenistan Legalizes Cryptocurrency Mining and Trading by 2026 Under Strict Regulations
- Policy Change: Turkmenistan officially legalizes cryptocurrency mining and trading starting January 1, 2026, marking a significant step in attracting foreign capital while reducing reliance on natural gas revenues.
- Strict Regulatory Framework: The new law mandates that all companies engaging in mining and trading must obtain licenses from the central bank or designated state authorities, ensuring that all activities remain under state oversight, reflecting a commitment to financial stability.
- Cryptocurrency Definition: Under the new legislation, cryptocurrencies are classified as digital property rather than legal tender, prohibiting their use for everyday payments and official transactions, thereby limiting their role to investment and trading to control market risks.
- Compliance Requirements: The law imposes strict KYC and AML standards, banning anonymous wallets and privacy transactions, ensuring that all crypto activities are traceable, which further strengthens regulatory oversight of financial activities.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
