Turkey tightens crypto regulations with new rules for exchanges and investors, aligning with global standards.

From Cointelegraph
March 13, 2025 07:05 AM:

Turkey is updating its cryptocurrency regulations with new rules for crypto asset service providers (CASPs). The Capital Markets Board (CMB) of Turkey published two regulatory documents related to licensing and operations of CASPs, granting full oversight to ensure compliance with national and international standards.

Under the new framework, CASPs in Turkey must invest in compliance infrastructure, establish risk management teams, and maintain a price monitoring system to detect suspicious trading activity. They are also required to adhere to stringent reporting requirements, including recording transaction information for AML compliance.

Turkey’s new crypto regulations align with global standards, following approaches set by Europe’s Markets in Crypto-Assets Regulation (MiCA) and the US Securities and Exchange Commission. The regulations also target stricter trading requirements for Turkish investors, potential stablecoin restrictions, and address the DeFi market in Turkey.

Read more at Cointelegraph: Turkey tightens crypto regulations with new rules for exchanges, investors