• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Turkey Expands the List of Companies Applying for Crypto Licenses

user avatar

by Giorgi Kostiuk

a year ago

  1. New License Applications
  2. Crypto Regulation in Turkey
  3. Turkey as a Leader in Cryptocurrency Trade


    4. Turkey has become attractive for cryptocurrency companies aiming to operate within its borders after the introduction of a new law regulating this sector.

    New License Applications

    Turkey's regulators recently updated the list of companies applying for cryptocurrency licenses, expanding it from 47 to 76. The updated list now includes major exchanges like Coinbase, KuCoin, and Gate.io.

    Crypto Regulation in Turkey

    The wave of license applications followed the enactment of the 'Law on Amendments to the Capital Markets Law,' which came into force on July 2. This law aims to establish a regulatory framework for crypto asset service providers in Turkey. It is important to note that the list of applications does not amount to formal approval — companies will need to obtain approval once all requirements are met.

    The Capital Markets Board clarified that some companies declared their liquidation, while others' applications are still under review.

    Turkey as a Leader in Cryptocurrency Trade

    Turkey is the world's fourth-largest cryptocurrency market with a trade volume of $170 billion, surpassing countries like Russia, Canada, and Germany. Despite the lack of comprehensive cryptocurrency legislation, certain regulations exist, including an April 2021 order from the Central Bank of Turkey prohibiting the use of cryptocurrencies for payments.

    Turkey continues to actively develop the cryptocurrency market, attracting the attention of numerous international companies. The introduction of new legislation promises further regulation of this rapidly growing industry.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ripple's XRP Faces Significant Price Drop Amid Market Struggles

chest

Ripple's XRP has seen a substantial decline in value, losing over 15% in the past week and nearly 50% since its all-time high in July.

user avatarKaterina Papadopoulou

DataHaven Launches Camp Haven: Join the Gamified Airdrop into Decentralized Storage

chest

DataHaven launches Camp Haven, a gamified airdrop campaign that transforms onboarding into an adventure, allowing users to earn HAVE tokens.

user avatarMaya Lundqvist

Bitcoin Remains in Bear Market Amid Expert Analysis

chest

Bitcoin remains in a bear market as it trades below the 50-week EMA, with expert Lark Davis analyzing potential future scenarios.

user avatarLeo van der Veen

Crypto-Focused Funds Experience Major Outflows

chest

Crypto-focused funds have experienced significant outflows, totaling $32 billion over the last three weeks, with $2 billion exiting last week alone.

user avatarLi Weicheng

Wiki Cat (WKC) Positioned for a Volatility Breakout

chest

Wiki Cat's WKC token has shown strong performance this week, climbing 52% and positioning for a potential high-volatility breakout.

user avatarTenzin Dorje

ECB Raises Alarm on Stablecoins and Financial Stability

chest

The European Central Bank (ECB) has raised concerns about the rapid expansion of stablecoins and their potential impact on financial stability in Europe.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.