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Turkey Tightens the Reins on Crypto Operations with New Regulatory Measures

by aria-crypto.com

March 13, 2025 at 14:48

Turkey Tightens the Reins on Crypto Operations with New Regulatory Measures

Turkey has officially rolled out new regulations aimed at crypto asset service providers, marking a significant step in the country’s efforts to strengthen the oversight of its burgeoning cryptocurrency market. As published in the Official Gazette on March 13, 2025, these regulations are amendments to the Capital Markets Law No. 6362 and delegate the Capital Markets Board (CMB) with comprehensive regulatory authority. The new rules necessitate that all crypto platforms operate as joint-stock companies, maintain stringent financial reserves, and adhere to strict operational, audit, and cybersecurity protocols. A pivotal aspect of these regulations is the introduction of proof-of-reserve audits to safeguard customer deposits and stringent requirements for listing and trading crypto assets. Additionally, crypto exchanges and custodians must establish multi-signature authentication and comply with new anti-money laundering (AML) and know-your-customer (KYC) mandates, incorporating real-time monitoring for suspicious transactions. These measures align Turkey’s crypto regulatory framework with international standards, including those set by the Financial Action Task Force (FATF) and adaptations reminiscent of Europe’s MiCA and the US SEC regulations. The strategic regulatory overhaul reflects Turkey’s commitment to fostering a secure and robust crypto market while potentially attracting international crypto businesses.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

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