NEW REGULATIONS IN THE TURKISH CRYPTO MARKET

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• Scope and Purpose:
The regulation published by the CMB aims to increase transparency and security in the sector by regulating the establishment, operation, customer protection, and internal audit processes of crypto asset service providers in Turkey.
• Terms of Establishment:
Service providers will only be established as joint-stock companies; transparency of the partnership structure, all shares being registered, and a minimum capital requirement of 150 million TL for the exchange and 500 million TL for the custody institution are required.
• Operating Permits and Security:
Establishment of information systems compliant with TÜBİTAK criteria will ensure the security of customer assets through hot and cold wallet integration. Platforms are expected to store customer assets in authorized custodians up to 95% (Reuters, 2025).
• Customer Protection and Supervision:
Risk disclosure forms, electronic contracts, and internal control systems protect investors' rights, while platforms will be subject to independent audits at least once a year.
• External Service Procurement:
Strict technical and security requirements will be applied in service procurement, cooperation with public institutions and control mechanisms will be strengthened.
RESULT: These regulations will enhance investor security and enable the sector to become more transparent and sustainable.