NATIONAL AND INTERNATIONAL LEGAL REGULATIONS AND JUDICIAL DECISIONS
Legal Regulations in Turkey
Local regulations regarding cryptocurrencies
- Date of Entry into Force: 26.06.2024
- The law includes penal regulations including imprisonment and/or fines for the purpose of protecting consumers, preventing market manipulation, and preventing criminal activities such as money laundering and terrorist financing.
- It aims to increase the competitiveness of the crypto asset sector operating in Turkey and reduce risks.
- In order for Crypto Asset Service Providers to operate, they are required to comply with certain licensing and regulatory requirements.
- It is aimed for Crypto Asset Service Providers to meet security, customer protection and financial soundness criteria.
- It includes obligations regarding transparency and user information obligations for Crypto Asset Service Providers and the security of user funds.
- Date of Entry into Force: 30.04.2021
- It prevents the creation of business models that directly or indirectly pay with crypto assets.
- There is no obstacle to individuals' cryptocurrency buying and selling transactions.
- Date of Entry into Force: 01.04.2008
- It is aimed to monitor cryptocurrency exchanges that are not subject to a legal regulation.
- The definition of “crypto asset service provider” has been made for the first time. (Art. 4/ü) (Added: RG-1/5/2021-31471-C.K-3941/1 Art.)
- All kinds of administrative and judicial demands such as precautions, seizures and similar requests regarding cash and crypto assets belonging to customers will be fulfilled exclusively by crypto asset service providers.
Local Court Decisions
Local court decisions regarding crypto in light of the latest developments
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International Legal Regulations
International regulations on cryptocurrencies and blockchain technology
- Date of Entry into Force: 16.05.2023
- The aim of regulating the Crypto Asset Sector is to protect those who invest in these assets and to prevent the use of the crypto industry for money laundering and financing of terrorism.
International Court Decisions
International court decisions regarding crypto in light of the latest developments
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Crypto Law Istanbul - 2024
Crypto Law Istanbul - 2024
