Turkey has introduced new regulations to strengthen the oversight of Crypto Assets.

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[Turkey Introduces New Regulations to Strengthen Crypto Asset Supervision] Turkey is advancing its regulation of Crypto Assets, formulating new rules for Crypto Asset Service Providers (CASPs). On March 13, the Turkish Capital Markets Board (CMB) released two regulatory documents concerning CASP licensing and operations, covering crypto trading platforms, custodians, and Wallet service providers. This regulatory framework grants the CMB comprehensive oversight of crypto platforms to ensure compliance with domestic and international standards. Additionally, the framework establishes the standards and requirements for setting up and providing Crypto Assets services in Turkey, including registered capital, management background, shareholder rules, and more.

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