Turkmenistan officially put into effect the Law on Virtual Assets legalizing cryptocurrency mining and crypto exchanges as it looks to boost economic development and attract foreign investment, CoinDesk.com reported. The new rules, which President Serdar Berdimuhamedov signed into law on Nov. 28, provide a framework for the use, creation and exchange of virtual assets in the country. A 2025 study on Organization of Islamic Cooperation (OIC) member states, which include Turkmenistan, concluded that allowing crypto is good for the economy.