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Cmb takes strides toward cryptocurrency regulations in turkey

Regulatory progress underway: CMB President İbrahim Ömer Gönül announced significant progress in the regulatory framework for cryptocurrencies. At the 8th Capital Markets Congress, he assured that work on secondary regulations is advancing and will be implemented soon, aiming for a more structured cryptocurrency market.

New law enhances oversight: Following the “Law on Amendments to the Capital Markets Law” effective July 2, 2024, Turkey’s cryptocurrency market is now under CMB’s regulatory oversight. This includes on-site inspections at crypto asset service providers, ensuring compliance and structured operations in the evolving market.

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