Turkey’s Crypto Market Sees Surge in License Applications Amid New Regulations
Turkey's crypto landscape is evolving rapidly, with major firms like Coinbase and KuCoin racing to secure business licenses amid new regulations.
Recently, the Turkish Capital Markets Board (CMB) revealed that the number of companies applying for crypto licenses has surged from 47 to 76, now including prominent players such as Coinbase and KuCoin.
Binance, Bitfinex, and OKX are also in the mix, emphasizing Turkey’s growing role in the global crypto market.
Despite the high volume of applications, the CMB has clarified that being listed does not mean companies are officially approved.
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Final approval depends on the completion of additional legislative measures. The regulatory environment is still shifting, with comprehensive crypto laws yet to be finalized.
The increased interest follows the implementation of the new “Law on Amendments to the Capital Markets Law,” aimed at regulating crypto asset service providers.
Turkey, now the fourth-largest global crypto market with a trading volume of $170 billion, is positioning itself as a central hub in the industry.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
