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News & Analysis

Turkey: Secondary Regulation on Crypto Assets Comes into Force!

21 March 2025 by Paksoy - Turkey

Following the provisions introduced to the Capital Markets Law No. 6362 (“CML”) on crypto assets and crypto asset service providers (“CASPs”), the Capital Markets Board's (“CMB”) resolutions dated 8 August 2024 and 19 September 2024 and the amendment to the legislation of MASAK - the Financial Crimes Investigation Board, the CMB's Communiqué No. III-35/B.1 on the Establishment and Operating Principles of Crypto Asset Service Providers (“Communiqué No. III-35/B.1”) and Communiqué No. III-35/B.2 on the Operating Procedures and Principles and Capital Adequacy of Crypto Asset Service Providers (“Communiqué No. III-35/B.2”) have been published in the Official Gazette dated 13 March 2025.
News & Analysis

Turkey: Minimum equity amounts for payment services and electronic money institutions have been reassessed

10 February 2025 by Paksoy - Turkey

On 30 January 2025, Central Bank of the Republic of Türkiye (CBRT) published the Communiqué on the Reassessment of Minimum Equity Amounts for Payment and Electronic Money Institutions.
News & Analysis

Turkey: Thresholds for Initial Public Offerings Increased

06 January 2025 by Paksoy - Turkey

As per the decision of the Capital Markets Board (the “CMB”) published in its bulletin dated 31 December 2024, the financial thresholds required for the companies’ initial public offering have been increased which introduce challenges for small-scale companies aiming for a public offering.