Turkey has introduced new regulations for crypto asset service providers (CASPs), including crypto exchanges, custodians, and wallet service providers. The Capital Markets Board (CMB) of Türkiye published two regulatory documents on March 13 to oversee the licensing and operations of CASPs, ensuring compliance with national and international standards. The regulations set standards for establishing and providing crypto asset services in Turkey, such as establishment capital, executive history, and shareholder rules. CASPs will need to invest in compliance infrastructure and meet stringent reporting requirements under the new framework. Turkey's crypto regulations align with global standards and draw inspiration from regulatory approaches in Europe and the US, targeting stricter trading requirements and potential stablecoin restrictions for Turkish investors.
Turkey Introduces Stricter Regulations for Crypto Asset Service Providers
2025-03-13 20:16:58 Primitive Reading
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