Turkey Tightens its Crypto Regulations

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Turkey has introduced enhanced regulations, tightening restrictions on crypto exchanges and custodial services.

The Capital Markets Board of Turkey now has full regulatory control over crypto platforms, overseeing their licensing, operations, and compliance standards.

To streamline its cryptocurrency laws, Turkey has updated rules for crypto asset service providers (CASPs). On March 13, Turkey’s Capital Markets Board (CMB) published two key regulatory documents focused on the licensing and operations of CASPs, including crypto exchanges, custodians, and wallet services.

Under this framework, the CMB fully supervises crypto platforms, ensuring compliance with national and international guidelines.