🇹🇲
Local MarketTMTUnregulated
Turkmenistan
Turkmenistan is one of the most closed countries in the world with heavily restricted internet. Despite having the world's fourth largest natural gas reserves, the population lives under severe limitations. The manat has an artificially high official rate and a very different black market rate.
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N/AAdoption
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🇹🇲Unregulated
Turkmenistan
Asia · TMT
UnregulatedLegal Status
N/AUsers
N/AAdoption
NingunoTop Exchange
0%Max Tax
0Crypto Spots
Highlight
Turkmenistan bans cryptocurrencies and blocks exchanges. The manat has an artificial official rate with over 300% difference vs the black market, creating in theory an ideal crypto use case but with extreme legal risk.
Regulation Timeline
2018
Government blocks access to cryptocurrency exchanges.
2023
Restrictions and active ban continue.
Regulatory Framework
Turkmenistan bans cryptocurrencies. The government actively blocks exchange websites and internet access is heavily restricted. The manat has an artificially fixed official rate and the government punishes foreign currency use.
Available Exchanges
N
NingunoExchanges are blocked in Turkmenistan.
How to Buy Crypto
1
It is not possible to legally buy crypto in Turkmenistan.
Crypto Taxes
Banned
Flat rate0%
Deductible
N/A.
Deadline
N/A
Cryptocurrencies are banned in Turkmenistan.
Tax Estimator
$
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Type
Banned
Deadline
N/A
Comparison: Asia
| Country | Users | Adoption | P2P Vol. | Status | Exchange |
|---|---|---|---|---|---|
| 🇹🇲 TurkmenistanYou | N/A | N/A | N/A | Unregulated | Ninguno |
| 🇯🇵 Japan | 8M+ | ~7% | $8B+ anual | Regulated | bitFlyer |
| 🇰🇷 South Korea | 15M+ | ~30% | $15B+ anual | Regulated | Upbit |
| 🇸🇬 Singapore | 2M+ | ~35% | $3B+ anual | Regulated | Independent Reserve |
| 🇮🇳 India | 115M+ | ~8% | $5B+ anual | Restricted | Binance |
| 🇻🇳 Vietnam | 16M+ | ~16% | $2B+ anual | Regulated | Binance |
| 🇮🇩 Indonesia | 18M+ | ~6.5% | $3B+ anual | Regulated | Binance |
| 🇹🇭 Thailand | 12M+ | ~17% | $1.5B+ anual | Regulated | Binance |
| 🇵🇭 Philippines | 12M+ | ~10% | $2B+ anual | Regulated | Binance |
Crypto Curiosities
✨Fact #1
Turkmenistan has the world's fourth largest natural gas reserves, but the manat has an artificial official rate. The difference between the official rate and the black market exceeds 300%.
Related Crypto News
Frequently Asked Questions
Is crypto legal in Turkmenistan?
No, cryptocurrencies are banned and exchange access is blocked by the government.
How to buy crypto in Turkmenistan?
It is not legally possible. Exchanges are blocked and using VPNs to access them carries serious legal risks.
Why consider crypto in Turkmenistan?
The manat has an artificial official rate and a black market with over 300% difference. In theory, crypto could offer the real exchange rate, but legal risk is extreme.
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