Regulatory Alerts2025-04-25
Added · Updated
Communiqué Regarding Operating Procedures and Capital Adequacy of Crypto Asset Service Providers
The Capital Markets Board of Turkey issued this Communiqué to regulate the services, operating procedures, and capital adequacy requirements for licensed crypto asset service providers. The document mandates licensing for core activities such as trading, custody, and initial sales, while prohibiting leveraged trading and restricting investment advice to high-net-worth clients. It further establishes strict operational principles including mandatory price monitoring systems, specific custody standards using hot and cold wallets, and compliance obligations for platforms interacting with foreign entities.