With recent legislative changes, Turkey has greatly influenced the cryptocurrency scene. These initiatives seek to strengthen investor control and protection to guarantee a more transparent and safe environment. This action emphasizes Turkey’s will to match world norms and build trust in its growing market, which has demonstrated amazing endurance among world events.
Turkey has become one of the top cryptocurrency markets in the world. Based on Chainalysis’s 2024 Global Adoption Index, it rose 11th globally in adoption, overtaking all EU nations, including Germany and Poland. High inflation and a tech-savvy population promote this growth.
Despite a ban on using cryptocurrencies for payments from 2021, the market has remained resilient. The country also has the largest crypto market in the Middle East and North Africa, with platforms like OKX Türkiye claiming transaction volumes of $2.5 billion since its inception.
Turkey and New Crypto Rules
On March 13, 2025, Turkey published its most broad cryptocurrency laws to date, providing the Capital Markets Board (CMB) full power over crypto platforms.
The framework stipulates that Crypto Asset Service Providers (CASPs), including exchanges and wallet providers, meet rigorous licensing conditions. Platforms must now operate as joint-stock enterprises with a minimum capital requirement and adhere to rigorous compliance measures such as proof-of-reserve audits and robust internal controls.
The restrictions also meet with worldwide rules, inspired by the EU’s MiCA framework and U.S. SEC guidelines. Key aspects include compulsory reporting of all transactions and bans on listing highly volatile assets.
Measures to Shield Investors
Turkey’s new crypto legislation focuses on investor safety and anti-money laundering precautions. Crypto platforms must now confirm user IDs for transactions above 15,000 Turkish lira ($425).
Unregistered wallets suffer intense inspection, with providers authorized to identify transactions as “risky” and potentially halt them. The requirements compel the collection and transfer of identifying information for transaction originators and beneficiaries, considerably enhancing AML activities.
Turkey’s new regulations are reshaping the crypto landscape, with stricter rules pushing smaller exchanges to consolidate or exit. As industry sources have reported, major players like Binance TR and OKX TR have applied for licenses under the new framework.
This shift may lead to a more secure but concentrated market, with compliance costs potentially hindering innovation for smaller startups. The regulations aim to enhance legitimacy and trust among traditional financial institutions.
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