Regulatory Alerts2025-04-28
Added · Updated
CMB Executive Board Resolution no. i-SPK.35.B.1 (Decision no. 1484 dated 19/09/2024)
The Capital Markets Board of Turkey issued Resolution no. 1484 to regulate crypto asset service providers during the transition to Law No. 7518, mandating strict segregation of customer cash and crypto assets in dedicated bank accounts. The resolution prohibits receiving orders via social media, bans misleading advertisements and guaranteed-return promotion campaigns, and excludes non-fungible tokens and virtual game assets from standard listing principles. Platforms must integrate with the Central Registry Agency by November 2024, cease unauthorized P2P trading activities, and ensure they do not engage in lending or leveraged transactions with customer funds.