- Turkey enforces stricter crypto regulations to enhance compliance and oversight.
- CASP must meet capital, risk management, and reporting requirements under new rules.
- New AML measures mandate detailed transaction records to prevent financial crimes.
Turkey is moving forward with its cryptocurrency regulations by introducing new rules for crypto asset service providers (CASP). On March 13, 2025, the Capital Markets Board of Turkey (CMB) released two new regulations. These regulations govern the licensing and operations of CASPs, including crypto exchanges, custodians, and wallet providers. The decision is expected to strengthen oversight on exchanges and enforce stricter financial compliance.
Source: Official Gazette
The new framework grants the CMB complete oversight of crypto platforms. It ensures that these platforms comply with the laws in the country and at the international level. The new rules provide a clear framework for crypto businesses in Turkey.
Under the new framework, CASPs have to dedicate resources to establish compliance mechanisms. They are also expected to develop special risk management committees. These teams will play a role in detecting and preventing financial risks.
Stronger Reporting Standards
Reporting requirements are also more significant in the regulations. According to the CMB, CASPs must submit their operational reports frequently and comprehensively. This will increase the transparency and supervision of the crypto industry in Turkey. Non-compliance with rules and regulations may result in fines or cessation of business.
The framework also enhances the measures against money laundering in Turkey. Currently, CASPs must maintain records of multiple transactions. This involves details of transactions that have been called off and transactions that have not been effected, and these data will be utilized by authorities to monitor and combat financial criminals.
In December 2024, Turkey was the first country to enact rules on anti-money laundering in crypto. These rules meant that users had to provide identification for any transaction of more than 15,000 Turkish liras ($409). These latest regulations build upon previous anti-money laundering measures and these approaches are critical to bring Turkey closer to international crypto compliance standards.
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Global Compliance Alignment
These new regulations align with Turkey’s global policy commitments. It aligns with the guidelines employed by the European Union’s Markets in Crypto-Assets Regulation (MiCA) and the US Securities and Exchange Commission (SEC). The country aims to make the crypto market safer and regulate it more tightly.
With these changes, Turkey continues its firm stance on digital assets. Hence, the government is focusing on investor protection and sound financial systems. Following strict rules on cryptocurrency, Turkey is paving the way for it to become a focal point for global regulation.
