Regulatory Alerts2025-04-25
Added · Updated
Communiqué Regarding Principles on the Establishment and Operation of Crypto Asset Service Providers
The Capital Markets Board of Türkiye issued this Communiqué to establish the regulatory framework for the licensing, establishment, and operational conduct of crypto asset service providers. It mandates strict eligibility criteria for founders and shareholders, requiring transparent ownership structures and clean criminal records, while enforcing rigorous organizational, technological, and security infrastructure standards. The document further delineates specific operational obligations, including mandatory partnerships with depository institutions, robust internal control systems, and distinct licensing requirements for trading platforms versus custody services.