Secondary regulations regarding cryptocurrency markets have been published in Turkey.

New regulations published for crypto asset markets in Turkey are bringing significant changes to the sector. The communiqué announced by the Capital Markets Board (SPK) establishes a comprehensive framework of rules governing everything from the establishment of crypto asset service providers to their operations and customer protection procedures.

Establishment Conditions for Crypto Asset Service Providers
Companies can only be established as joint-stock companies, and a transparent partnership structure is now mandatory. The equity requirement should not fall below the minimum capital amount. Providers must build a security infrastructure that complies with TÜBİTAK criteria to obtain operational licenses. Integration of hot and cold wallet systems for the safety of customer assets is now compulsory, with custodial institutions subjected to separate regulations. These measures aim to enhance investor protection and ensure greater transparency and accountability in the Turkish crypto market.