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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.