KuCoin TR, a partner of the global cryptocurrency exchange KuCoin, has officially submitted its licensing application to the Turkish Capital Markets Board (SPK). This event marks a step towards the formalization of the crypto ecosystem in the country.
SPK License Application
KuCoin TR submitted an application for licensing with SPK, allowing the platform to be listed among operating companies, including Binance TR and Bybit TR. This initiative highlights the platform's commitment to compliance with security and infrastructure requirements as per SPK's guidelines.
Achievements and Development of KuCoin TR
Since launching in 2024, KuCoin TR has significantly enhanced its services by adding support for the Turkish lira and improving transaction speeds. The platform has also strengthened its management team, focusing on compliance and expanding its business in the local market.
Regulatory Environment for Cryptocurrencies in Turkey
Turkey's regulatory system for crypto assets has undergone significant changes, starting with amendments to the capital markets law in 2024. This creates a safe environment for users and attracts institutional investments while mitigating risks associated with high-risk trading.
KuCoin TR is moving towards creating a more regulated and secure crypto environment in Turkey, reaffirming their long-term development plans in compliance with local regulations.
