Turkey introduces new rules to strengthen cryptocurrency regulation
Turkey is advancing cryptocurrency regulation, formulating new rules for Crypto Asset Service Providers (CASPs). On March 13, the Turkish Capital Markets Board (CMB) issued two regulatory documents on CASP licensing and operations, covering crypto trading platforms, custodians and wallet service providers. This regulatory framework gives CMB comprehensive supervisory authority over crypto platforms to ensure they comply with domestic and international standards. In addition, the framework also sets standards and requirements for establishing and providing crypto asset services in Turkey, including registered capital, management background, shareholder rules etc.
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