Information Note on the Crypto Asset Law

The long-awaited Law Amending the Capital Markets Law ("Crypto Asset Law") regulating the crypto market in Türkiye, has been published in the Official Gazette dated 2 July 2024 and numbered 32590 and entered into force.

Pursuant to Crypto Asset Law, the platforms are required to operate by obtaining a license from the Capital Markets Board (“CMB”) and the existing platforms should submit a written declaration to CMB within 1 month following the entry into force of the law, whereby they are undertaking that they will duly obtain the necessary license.

The Crypto Asset Law puts the platforms under CMB supervision and accordingly aims to protect those who trade in the crypto asset market. 

You can access our brief information note on the Crypto Asset Law here.